A COMMENT ON "DOES THE AGGREGATE DEMAND CURVE SUFFER FROM THE FALLACY OF COMPOSITION".

Examines the methodological errors in the article "Does the Aggregate Demand Curve Suffer From the Fallacy of Composition," by Ira Salts, Pat Cantrell and Joseph Horton, published in the Volume 46, issue number 1 of "The American Economist," which established potential ambiguities contained within t...

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Detalles Bibliográficos
Publicado en:	American Economist Vol. 47; no. 2; pp. 92 - 94
Autores principales:	Kyer, Ben L., Maggs, Gary E.
Formato:	Artículo
Publicado:	Sage Publications Inc. Fall2003
Materias:	Demand function Mathematical models of economics Economic demand Price levels Economics
Acceso en línea:	Ver este registro en EBSCOhost

Descripción
Sumario:	Examines the methodological errors in the article "Does the Aggregate Demand Curve Suffer From the Fallacy of Composition," by Ira Salts, Pat Cantrell and Joseph Horton, published in the Volume 46, issue number 1 of "The American Economist," which established potential ambiguities contained within the traditional conceptualization and derivation of the aggregate demand curve. Error in its analysis of the international price level effect; Error in the analysis of the Keynes effect.