In the supply side model of demand and supply the wingnuts use the supply curve
Edited on Sat Jul-16-11 09:07 PM by applegrove
is bent like an elbow because it encompasses aggregate employment. But we are not at full employment these days. Indeed we may not be for a while. So that supply curve would look more like a straight line. Imho. Another reason their theories are bogus.
Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators
Important Notices: By participating on this discussion
board, visitors agree to abide by the rules outlined on our Rules
page. Messages posted on the Democratic Underground Discussion Forums are the
opinions of the individuals who post them, and do not necessarily represent
the opinions of Democratic Underground, LLC.