Krugman/Obstfeld

Hello,

I am studying the book of Krufman/Obstfeld "International Economics".
I am wondering if in their AA-DD model the short-run equilibrium means
that the economy is working at full capacity or is it possible that
there is still unemployment although output market and asset market
are in their equilibrium?
I hope you can tell me.

Jürgen

Posted By Jürgen on December 06, 2007 at 10:33:10:
432-Ankle Support with Strap is a best seller by McDavid. Wrap around Velcro® straps provide extra support and compression. Two-sided nylon facing (heavy-duty nylon on outer side for durability)

[ Follow Ups ] [ Post Followup ] [ Economic Forum ] [ Disclaimer ]
Follow Ups
Post Followup

Note: Information posted is available to the general public.
Not all questions are answered. This is a public forum.

Name:
Subject:

Comments:

[ Follow Ups ] [ Post Followup ] [ Economic Forum ] [ Disclaimer ]