Posts Tagged ‘Aggregate Demand’

The Irreversible Demand Effects of High Oil Prices. Motor Fuels in France, Germany & the UK

Published: 1st January 1991| By:

The majority of aggregate demand studies, whether concerned with energy or other goods, are based on the notion of a stable long-run demand function, which implies the existence of a unique equilibrium demand for any given relative price and income level. Given this static relationship, the effects of any price (or income) change will, by […]

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Categories / Country and Regional Studies, Energy Economics, Finance, Oil

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