Pricing and Production Without the Invisible Hand
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https://www.nber.org/papers/w35390
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资源简介：
Modern theories of the business cycle do not allow for the simultaneous rational choice of both prices and quantities, instead assuming that an invisible hand determines one of these variables to clear markets. In this paper, we develop a macroeconomic model in which both prices and quantities are
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美国国家经济研究局创建时间：
2026-06-01
