Explain view of the relation between aggregate demand and

Reference no: EM13389489

What is the view of the relation between aggregate demand and output reflected in Thirlwall's balance of payments-constrained growth thesis? What is the economic interpretation of Thirlwall's equation for the balance of payments-constrained growth rate? What does Thirlwall's analysis assume about price elasticities and cross elasticities of demand?

Reference no: EM13389489

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