Abstract
In the previous chapter we examined the possibility of a shift in the goods market equilibrium from E0 to a higher equilibrium E1, which equated to an equivalent rightward shift in the AD curve. This chapter continues the analysis with a discussion of the specific fiscal and monetary policies by which the aggregate demand (AD) curve can be shifted to enact demand-side stabilization. This will be followed by an in-depth description of overheating, soft landings and hard landings.
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© 2002 Springer Science+Business Media New York
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Langdana, F.K. (2002). Demand-Side Stabilization: Overheating, Hard Landing, and Everything in Between. In: Macroeconomic Policy. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-3646-5_5
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DOI: https://doi.org/10.1007/978-1-4757-3646-5_5
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4757-3648-9
Online ISBN: 978-1-4757-3646-5
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