Modern Economy

Volume 2, Issue 3 (July 2011)

ISSN Print: 2152-7245   ISSN Online: 2152-7261

Google-based Impact Factor: 0.81  Citations  h5-index & Ranking

A New Model for AS-AD Analysis Based on Input-Output Frame

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DOI: 10.4236/me.2011.23026    6,734 Downloads   10,146 Views  Citations
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ABSTRACT

This paper has established a new kind of AS-AD models with input-output techniques. The models take the standard input-output tables as its starting points. We analyze the change effects of government consumption, direct consumption coefficient, labor productivity, and surplus rate on the equilibrium output. In this paper, we propose that the aggregate demand function curve should be right upward, and this lead to a series of inconsistent conclusions with the traditional views. Finally, we also analyze the well-known issue of stagflation.

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X. Liu, "A New Model for AS-AD Analysis Based on Input-Output Frame," Modern Economy, Vol. 2 No. 3, 2011, pp. 203-212. doi: 10.4236/me.2011.23026.

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