- PII
- S042473880000616-6-1
- DOI
- 10.7868/S0000616-6-1
- Publication type
- Article
- Status
- Published
- Authors
- Volume/ Edition
- Volume / Issue №3
- Pages
- 79-91
- Abstract
- The systems of partial derivative equations of hyperbolic type for aggregate demand (AD) and aggregate supply (AS) as functions of two independent variables (time and price index) are suggested for macroeconomics. It is shown that two mechanisms have great influence on dynamics of AD and AS curves: kinetics, or the velocity, of equilibrium setting between AS and AS curves and cinematic waves of inflation and deflation. The current values of aggregate demand, aggregate supply and price index can be calculated within the model for both cases of crossing and not crossing AD and AS curves.
- Keywords
- Date of publication
- 01.07.2008
- Year of publication
- 2008
- Number of purchasers
- 2
- Views
- 810