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The Aggregate Demand Curve: A Defense
John M. Barron and Gerald J. Lynch
The Journal of Economic Education
Vol. 18, No. 1 (Winter, 1987), pp. 41-46
Published by: Taylor & Francis, Ltd.
Stable URL: http://www.jstor.org/stable/1182394
Page Count: 6
You can always find the topics here!Topics: Aggregate demand curve, Gross national product, Price levels, Macroeconomics, Aggregate demand, Prices, Nominal output, Supply, Consumption function, Demand curves
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In an article in this journal (fall 1985), Hansen, McCormick, and Rives argued that the derivation of the aggregate demand curve rested on a flimsey foundation. Barron and Lynch defend the commonly used analysis, and Hansen et al. offer a rebuttal.
The Journal of Economic Education © 1987 Taylor & Francis, Ltd.