Friedman and Johnson (1997) show that for a wide range of dynamic optimization problems, supermodularity is both necessary and sufficient for monotone static results. In the present context, this implies that our supermodular model requires the minimum set of assumptions to obtain monotonicity in the optimal decision variables.
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The evidence presented here needs to be supplemented with information about inter- and intrafamily income transfers. This issue was addressed in a follow-up survey, but analysis of the results is not yet complete.
When interest rates are cut, there is an increase both in spending on durables and net exports. Both channels lead to higher aggregate spending and thus higher output.
A third party is one that is not one of the traditional two in America: Republican and Democrat. Right now, the Libertarian, Green, and Constitution parties are some examples of third parties.
<h2><em><u>Welcome to Gboard clipboard, any text that you copy will be saved here.Welcome to Gboard clipboard, any text that you copy will be saved here.</u></em></h2>
