One thinker from this country developed three criteria for monetary equilibrium and predicted aggregatedemand and prices would increase through a "cumulative process" when the natural and market rates ofinterest were different.
One thinker from this country developed three criteria for monetary equilibrium and predicted aggregatedemand and prices would increase through a "cumulative process" when the natural and market rates ofinterest were different. Besides Wicksell, economists from this country include two who developed atheorem stating more capital abundant countries will export more capital intensive goods, theHeckscher-Ohlin theorem. Another man from here described the central "creed" that held people togetherin a work on race relations in the United States, An American Dilemma. For 10 points, name this country,the home of Gunnar Myrdal.
One thinker from this country developed three criteria for monetary equilibrium and predicted aggregatedemand and prices would increase through a "cumulative process" when the natural and market rates ofinterest were different.
Sweden