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Employment, price stability and government policy

  • Jack Harvey
Chapter
Part of the Macmillan Master Series book series

Abstract

The AS curve shows the relationship between the price level and the real output of the economy. It is, however, a short-run supply curve in the sense that productive capacity is fixed: output can be increased only by increasing inputs of the variable factors, chiefly labour.

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Copyright information

© Jack Harvey 1994

Authors and Affiliations

  • Jack Harvey

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