1. Home
  2. > Aggregate Demand Aggregate Supply Approach

Aggregate Demand Aggregate Supply Approach

2006819 Abstract While mainstream growth theory in its neoclassical and new growth theory incarnations has no place for aggregate demand, Keynesian growth models in which aggregate demand determines growth neglect the role of aggregate supply. By assuming that the rate of technological change responds to labour market conditions, this paper develops a simple and conventional growth.

Get Price
toTop