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Aggregate Demand and Supply Analysis

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The New Palgrave Dictionary of Economics

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Abstract

Postulate an elementary period or instant, which may be arbitrarily short. There is a set of parameters given or determined at its outset. They change only from one instant to the next. Within an instant some markets are cleared. In this temporary equilibrium the economy moves from instant to instant in accordance with the laws governing the behaviour of the parameters.

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Authors and Affiliations

  1. http://link.springer.com/referencework/10.1057/978-1-349-95121-5

    Hugh Rose

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  1. Hugh Rose
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Rose, H. (2018). Aggregate Demand and Supply Analysis. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_529

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