1998•The American EconomistRequires access
The Aggregate Demand/Supply Model: A Premature Requiem?
Lila J. Truett, Dale B. Truett
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Abstract
Aggregate demand/aggregate supply models have recently been criticized as being inappropriate and/or incorrect for explaining macroeconomic theory to students. In this article we suggest that a properly defined aggregate demand/aggregate supply approach may be quite useful in comparing and contrasting the various theoretical explanations of the macroeconomy.