Umada Tetsuji

Affiliate Master Yamaguchi University

Aggregate supply and demand analysis reconsidered

山口経済学雑誌 Volume 57 Issue 6 Page 51-67

published_at 2009-03

C050057000604.pdf

[fulltext] 517 KB

Title

総需要・総供給分析再考

Aggregate supply and demand analysis reconsidered

Creators Umada Tetsuji

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.

Subjects

経済学 ( Other)

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