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Aggregate supply functions in closed and open economies: a mesoeconomic analysis

Article Abstract:

A mesoeconomic analysis is used to investigate the aggregate supply function in the context of both open and closed economies. An open-economy model is developed, and the closed-economy results are derived through the elimination of the foreign sector. The aggregate supply function does not have to be vertical, even with a closed economy. A closed-economy model of a vertical aggregate supply curve shows that the results can change and an upward-sloping or horizontal curve is possible when an open economy is introduced.

Supply-side economics

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Business confidence and depression prevention: a mesoeconomic perspective

Article Abstract:

A sudden decrease in business confidence, possibly caused by a sharp decline in stock prices, could lead to a depression. A micro-macroeconomic analysis of nonperfect competition illustrates the impact of a change in confidence in the form of a change in expected real aggregate demand. A mesoeconomic analysis shows that the maintenance of aggregate demand and the self-fulfilling decline in business confidence may not prevent a depression, but this is not necessarily indicative of the real economy.

Economic history, Depressions, Economic depressions

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Regulating information about aspirin and the prevention of heart attack

Article Abstract:

Most consumers take aspirin regularly to minimize the risk of heart attacks. Although aspirin is an over-the-counter drug that people can freely use, the FDA has restricted sellers from promoting it as a preventive medicine for heart attacks. Public health policies that cover health-related information are needed to better inform consumers of a drug's medical benefits and possible health risks.

Health aspects, Evaluation, Drugs, Laws, regulations and rules, Marketing, Prevention, Heart attack, Aspirin, Nonprescription drugs, Public health law

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