Re-Evaluating the AS-AD Model as a Device for Teaching Intermediate Macroeconomics
Volume: 6, Issue: 2
Published: Jan 1, 2009
Abstract
In the previous issue of this journal, we provided a survey of null AS-AD null models used in intermediate macroeconomic textbooks. That exercise was seen as preliminary to a careful consideration of criticisms made of the null AS-AD null model that suggest it should cease to be used as a device for teaching intermediate macroeconomics. In this paper, we undertake this investigation and examine a range of problems that have been identified with...
Paper Details
Title
Re-Evaluating the AS-AD Model as a Device for Teaching Intermediate Macroeconomics
Published Date
Jan 1, 2009
Volume
6
Issue
2
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