The Classical Model

Farrokh K. Langdana
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Farrokh K. Langdana: Rutgers University–Newark and New Brunswick

Chapter Chapter 8 in Macroeconomic Policy, 2022, pp 185-200 from Springer

Abstract: Abstract In this chapter, changes in the rate of inflation are finally incorporated into the ISLM-ADAS analysis. This raises the overall level of sophistication of our analysis from Chap. 7 by incorporating a “real-world” aggregate supply curve into the ISLM analysis. The stage is also set for an explanation of paradigm shifts between Keynesian and supply-sider models.

Date: 2022
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DOI: 10.1007/978-3-030-92058-6_8

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