Aggregate supply and demand analysis reconsidered
山口経済学雑誌 Volume 57 Issue 6
Page 51-67
published_at 2009-03
Title
総需要・総供給分析再考
Aggregate supply and demand analysis reconsidered
Source Identifiers
In usual macroeconomic textbooks prices and real GDP are determined at the intersection of AD curve with AS curve. And in the long run AS curve shifts and long-term equilibrium is accomplished. At that point full employment is achieved. I think that the analysis cannot explain the real economic situationl. I will present another macroeconomic model. In the model the long-term equilibrium is accomplished by the shift of AD curve. And unemployment exists at that point.
Languages
jpn
Resource Type
departmental bulletin paper
Publishers
山口大學經濟學會
Date Issued
2009-03
File Version
Version of Record
Access Rights
open access
Relations
[ISSN]0513-1758
[NCID]AN00243258
[isVersionOf]
[URI]http://ci.nii.ac.jp/vol_issue/nels/AN00243258_jp.html
Schools
経済学部