more AS-AD

1994-03-14 Thread Peter.Dorman
Now that I have been pulled back into this discussion of AS-AD I can't seem to get out. So here is my reply to Barkley Rosser (hi Bark!): 1. Why do I get so agitated about the assumption that nominal MS remains constant as AS shifts? Why isn't this just like the pleasant fiction about demand cu

more AS-AD

1994-03-14 Thread Peter.Dorman
Now that I have been pulled back into this discussion of AS-AD I can't seem to get out. So here is my reply to Barkley Rosser (hi Bark!): 1. Why do I get so agitated about the assumption that nominal MS remains constant as AS shifts? Why isn't this just like the pleasant fiction about demand cu