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In macroeconomics, the guns versus butter model is an example of a simple production–possibility frontier. It demonstrates the relationship between a nation's investment in defense and civilian goods. The "guns or butter" model is used generally as a simplification of national spending as a part of GDP. This may be seen as an analogy for ...
In this model, agents face a trade-off between producing themselves and grabbing the output of the other agent. Each party is endowed with a secure resource R. The resource cannot be consumed directly but has to be allocated between producing guns (tools for conflict) or butter (consumption). Again, the probability of winning the contest and ...
As government statistics showed butter rising by up to 1.9% weekly in late October, the same channel warned of an "Armageddon with butter" and said Russia could see a repeat of its 40% egg-price ...
Guns vs. Butter. Inflation hardly operates in a silo; the country’s job market is tight, nudging employers to increase salaries to maintain their competitiveness.
Is the claim that "Guns versus butter model" is an established phrase? Certainly "Guns and butter" is, but "Guns versus butter model"? "Guns and butter" is a phrase heavily associated with 1960s U.S. politics. I'd be interested to know how much currency it had in other times and places.
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