Economic

Fundamental Problems with Aggregate Demand and Aggregate Supply:

In the supplementary reading on "The Myth of Aggregate Demand and Supply," the author suggests that the macro-aggregate approach hides from view the microeconomic relationships in the economy that ultimately determine outputs and employments, and in ways that confuse what may be actually going on in the economy. Explain the logic behind the author's argument, and critically evaluate both the macro-aggregate approach and the