On the missing equation: A reply |
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| Affiliation: | 1. School of Business and Law, Edith Cowan University, Joondalup, WA, 6027, Australia;2. Graduate School of Business, Universiti Sains Malaysia, 11800, USM, Malaysia;3. School of Arts and Humanities, Edith Cowan University, Joondalup, WA, 6027, Australia;4. Faculty of Business, Sohar University, Sohar P.O. Box: 44, P. Code 311, Sohar, Oman;5. Department of International Business Administration, I-Shou University, Kaohsiung, Taiwan;1. State Key Laboratory of Environmental Criteria and Risk Assessment, Chinese Research Academy of Environmental Sciences, Beijing 100012, China;2. Environment Research Institute, Shandong University, Qingdao 266237, China;3. College of Science, China University of Petroleum, Beijing 102249, China;4. School of Resources and Environment, Yangtze University, Wuhan 430100, China;5. School of Mechanical Engineering, Beijing Institute of Petrochemical Technology, Beijing 102617, China;1. State Key Laboratory of Earth Surface Processes and Resource Ecology (ESPRE), Beijing Normal University, Beijing, 100875, China;2. School of Natural Resources, Faculty of Geographical Science, Beijing Normal University, Beijing, 100875, China |
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| Abstract: | Shaller's criticism of our paper improperly interprets our model. Furthermore, his proof either assumes that the aggregate supply and demand curves are identical, or ignores that factor market demand already incorporates aggregate demand. |
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