On Wed, June 3, 1998 at 18:47:36 (-0700) [EMAIL PROTECTED] writes: >Baumol and Blinder was the text that first popularized Aggregate >Supply/Aggregate Demand, a sin for which they should rot in hell. I'm a bit confused. I thought Aggregate Supply/Aggregate Demand came from the Great K himself, therefore is pretty much a Good Thing. I know AS/AD as Y = C+I+G+(X-M); am I confusing this with something else? If not, what exactly is the problem with AS/AD stuff? I found the idea of multipliers pretty useful... Bill
