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Aggregate Demand in Principles Textbooks

In: Aggregate Demand and Supply

Author

Listed:
  • Ken McCormick

    (University of Northern Iowa)

  • Janet M. Rives

    (University of Northern Iowa)

Abstract

In 1985 we wrote an article critical of the aggregate demand curve as presented in most principles textbooks (Hansen, McCormick and Rives, 1985). The essence of our argument was that the reasons given for the negative slope of the aggregate demand curve in price level/real GDP space were not convincing. Writing in 1997, we note that, with one minor exception, very little has changed.1

Suggested Citation

  • Ken McCormick & Janet M. Rives, 1998. "Aggregate Demand in Principles Textbooks," Palgrave Macmillan Books, in: B. Bhaskara Rao (ed.), Aggregate Demand and Supply, chapter 2, pages 11-23, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26293-9_2
    DOI: 10.1007/978-1-349-26293-9_2
    as

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