Professor of Economics, University of Belgrade, Faculty of Agriculture, Nemanjina 6, 11081, Belgrade, Republic of Serbia
Online published on 1 February, 2017.
The basic aims of this paper are: firstly, to provide a relatively simple chaotic the general price level growth model that is capable of generating stable equilibria, cycles, or chaos, and secondly, to to analyze the general price level growth stability in the period 1960–2015 in U.S. This paper confirms stable growth of the general price level in U.S. in the observed period.
General Price Level, Aggregate Demand, Aggregate Supply, Growth, Chaos
