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From course:

International Political Economy

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Question:

DISADVANTAGE OF KALDOR'S MODEL

Author: Angelie Bayaban



Answer:

-The theory does not tell us how the distribution of income in a functional sense will be affected by changes in real income below the full employment level. -There will only 2 types of social classes (wage earners and entrepreneur) -- Wage earners will always be a wage earners


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