This article is within the scope of WikiProject Conservatism, a collaborative effort to improve the coverage of conservatism on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.ConservatismWikipedia:WikiProject ConservatismTemplate:WikiProject ConservatismConservatism articles
This article is within the scope of WikiProject Taxation, a project which is currently considered to be inactive.TaxationWikipedia:WikiProject TaxationTemplate:WikiProject TaxationTaxation articles
This article is within the scope of WikiProject Economics, a collaborative effort to improve the coverage of Economics on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.EconomicsWikipedia:WikiProject EconomicsTemplate:WikiProject EconomicsEconomics articles
This article is within the scope of WikiProject Politics, a collaborative effort to improve the coverage of politics on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.PoliticsWikipedia:WikiProject PoliticsTemplate:WikiProject Politicspolitics articles
This article is within the scope of WikiProject United States, a collaborative effort to improve the coverage of topics relating to the United States of America on Wikipedia. If you would like to participate, please visit the project page, where you can join the ongoing discussions.
There is no discussion of whether the AS curve is vertical. And I think that's stereotypical of people who have not studied either supply side or Keynesian economics.
Put GDP on the x-axis and price on the y-axis. Draw a vertical AS curve and a down-curved aggregate demand (AD) curve that levels off.
In this case, the only question that matters IS whether the AS curve is vertical. Because if it is, then the only way to improve GDP is to change aggregate supply. There is no discussion of any of this in the article, and it just amazes me.