1. The Swedish Model of Economy Development
According to Lundberg(1985), there are several principle components of the Swedish Model that the model originated in 1930s such as Stabilization of the price level, Stockholm economists, Policy orientation, and the treatment of international relations. One major component of the Swedish policy model is that it was used by the government and by the economists as a stabilization policy to stabilize the consumer prices. ... Another principle component of the Swedish model is that the Stockholm economists used it to direct their interests to disequilibrium economics and cyclical instability. .....
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- Grade Level: Undergraduate