rahulmehra82
How does Sargent explains that under specific assumption of
Mr=0 and π=p`/p,then it can be proved that financing government expenditure by increase in M, issuing bonds and imposing taxes, leaves disposable income unaltered?
please reply soon
Mr=0 and π=p`/p,then it can be proved that financing government expenditure by increase in M, issuing bonds and imposing taxes, leaves disposable income unaltered?
please reply soon