Occasional Tweets: The futile attempt to recycle microfoundations (II)

 

#DearIdiots#LearnEcon

The macroeconomic #LawOfSupplyAndDemand, the #ProfitLaw, and the #EmploymentLaw tell one how #Price P, monetary #Profit Qm, #Employment L increase as a function of #DeficitSpending i.e. of the expenditure ratio ρE>1. pic.twitter.com/MgwuFsYcob

— E.K-H (@AXECorg) February 13, 2022

For more about microfoundations see AXECorg.

For more about macrofoundations see AXECorg.