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| Title Details: | |
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Aggregate supply |
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| Authors: |
Lianos, Theodoros Pseiridou, Anastasia |
| Reviewer: |
Fountas, Stylianos |
| Description: | |
| Abstract: |
The purpose of this chapter is to present three more recent aggregate supply theories. The first is based on wage rigidity, the second on the assumption that workers have a mistaken perception of the real wage, and the third on workers' imperfect information. A common feature of all three theories is the introduction of expected prices into the analysis. All three theories converge on the same short-run aggregate supply function.
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| Technical Editors: |
Tsarpalis, Konstantinos |
| Type: |
Chapter |
| Creation Date: | 2015 |
| Item Details: | |
| License: |
http://creativecommons.org/licenses/by-nc-nd/3.0/gr |
| Handle | http://hdl.handle.net/11419/1971 |
| Bibliographic Reference: | Lianos, T., & Pseiridou, A. (2015). Aggregate supply [Chapter]. In Lianos, T., & Pseiridou, A. 2015. Economic analysis and policy - Macroeconomics [Undergraduate textbook]. Kallipos, Open Academic Editions. https://hdl.handle.net/11419/1971 |
| Language: |
Greek |
| Is Part of: |
Economic analysis and policy - Macroeconomics |
| Publication Origin: |
Kallipos, Open Academic Editions |