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The Aggregate Demand/Supply Model: A Premature Requiem?

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  • Lila J. Truett
  • Dale B. Truett

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.

Suggested Citation

  • Lila J. Truett & Dale B. Truett, 1998. "The Aggregate Demand/Supply Model: A Premature Requiem?," The American Economist, Sage Publications, vol. 42(1), pages 71-75, March.
    • Handle: RePEc:sae:amerec:v:42:y:1998:i:1:p:71-75
    DOI: 10.1177/056943459804200107
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    1. Paul Davidson, 1992. "Would Keynes Be a New Keynesian?," Eastern Economic Journal, Eastern Economic Association, vol. 18(4), pages 449-463, Fall.
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