Journal article
Aggregate Demand-Supply Analysis and Its Critics: An Evaluation of the Controversy
Abstract
While acknowledging that the AD-AS model is sometimes applied carelessly, this note defends this analytical framework against charges that it is internally inconsistent, empirically unrealistic, and unable to clarify major controversies in macroeconomic theory and policy. JEL classification: A22, B22, E10
Authors
Scarth W
Journal
Review of Radical Political Economics, Vol. 42, No. 3, pp. 321–326
Publisher
SAGE Publications
Publication Date
September 2010
DOI
10.1177/0486613410377621
ISSN
0486-6134