Keynes was not a development economist as the description is used today. He did not Download to read the full chapter text McCombie, J.; Thirlwall, A. P. Economic growth and the balance of payments constraint. Growth and development: with special reference to developing economies. 8th ed. PDF · EPUB Growth Theory and Growth PolicyThe theory of economic growth has been one of the most important issues in economic st
The firms could coordinate and produce at the optimal level of point B, but, without coordination, firms might produce at a less efficient equilibrium.
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