Clarifying monetary development in the long-run

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The neoclassical development model of Robert Solow has turned into a typical reading material model for clarifying monetary development in the long-run. The model starts with a creation work where public result is the result of two sources of info: capital and work. The Solow model expects that work and capital are involved at steady rates without the vacillations in joblessness and capital usage ordinarily found in business cycles.

Reference no: EM133134558

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