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The Fundamental Macroeconomic Identities

In: Macroeconomics

Author

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  • Peter Dorman

    (The Evergreen State College)

Abstract

Let’s look at the financial situation faced by the owner of a professional sports team. She wants her team to win as many games as possible, because it will attract more fans, and the fans will buy more tickets if they are contending for a championship. It makes sense for her to do what she can, like raiding other teams for their best players, to improve her own chances.

Suggested Citation

  • Peter Dorman, 2014. "The Fundamental Macroeconomic Identities," Springer Texts in Business and Economics, in: Macroeconomics, edition 127, chapter 4, pages 73-88, Springer.
    • Handle: RePEc:spr:sptchp:978-3-642-37441-8_4
    DOI: 10.1007/978-3-642-37441-8_4
    as

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