Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/203869 
Erscheinungsjahr: 
1994
Schriftenreihe/Nr.: 
wiiw Working Paper No. 4
Verlag: 
The Vienna Institute for International Economic Studies (wiiw), Vienna
Zusammenfassung: 
The aggregate demand (AD)/aggregate supply (AS) framework as presented in almost all textbooks is logically inconsistent, because it seperates the demand side from the supply side. Due the the circular flow nature of the macroeconomic process, however, production/supply and income/demand cannot be dichotomised. Specifically it is shwon that the AD/AS apparatus implies incompatible levels of employment for all positions out of equilibrium. A reformulated aggregate demand schedule, which avoids these inconsistencies, typically has a positive slope; together with the positively sloped AS curve equilibrium thus becomes unstable.
Schlagwörter: 
Aggregate demand (AD)
aggregate supply (AS)
incompatibility of AD/AS
slope of AD curve
instability of AD/AS equilibrium
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
2.69 MB





Publikationen in EconStor sind urheberrechtlich geschützt.