
doi: 10.2139/ssrn.2604176
Presented is a mathematical model of single-product economy where credit expansion is used to increase the demand for product. Explored is the dynamics of affected product’s price, supply and demand. Shown is that expansion of the demand carries a temporal character.
credit expansion; economic fluctuations; modeling, jel: jel:E51, jel: jel:C62, jel: jel:E32
credit expansion; economic fluctuations; modeling, jel: jel:E51, jel: jel:C62, jel: jel:E32
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