The Weird and Depressing Debate Over AS/AD
Was the recent excess inflation an aggregate supply or an aggregate demand shock? Tyler Cowen weighs in on the issue: A year or so ago I recall telling Bari Weiss in a podcast that the inflation was perhaps half real shocks, half an aggregate demand problem. Don’t let the revisionists talk you into the hardcore … Continue reading The Weird and Depressing Debate Over AS/AD
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