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THE USE AND ABUSE OF AGGREGATE DEMAND AND SUPPLY FUNCTIONS

Authors :
B. Bhaskara Rao
J. W. Nevile
Source :
The Manchester School. 64:189-207
Publication Year :
1996
Publisher :
Wiley, 1996.

Abstract

Aggregate demand and supply analysis is the basic paradigm presented to students in virtually all modern textbooks. This chapter aims to show that, as presented in the textbooks, aggregate demand and supply analysis has several weaknesses, the most serious of which is the use of contradictory assumptions or inconsistent modes of thought.

Subjects

Subjects :
Aggregate expenditure
Microeconomics
Macroeconomics
Economics and Econometrics
ComputingMilieux_COMPUTERSANDEDUCATION
Aggregate behavior
Economics
Aggregate demand
Aggregate supply

Details

ISSN :
14679957 and 14636786
Volume :
64
Database :
OpenAIRE
Journal :
The Manchester School
Accession number :
edsair.doi...........9c3eeae6d13d56641eecf0874bb0cb64
Full Text :
https://doi.org/10.1111/j.1467-9957.1996.tb00480.x
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