Publication: Journal of Economic Education
Volume: Volume 26, No. 3
Issue: Summer 1995
Pages: 211-217
Author(s): David W. Findlay (Colby College)
Address (Principal Author): David W. Findlay, Economics Department, Colby College, Waterville, ME 04901 (207) 872-3153
Internet Address (Principal Author):
Title: A Note on Aggregate Price-Level Elasticity and Supply-Side Shocks
Abstract: This note investigates several factors that influence the short-run and long-run effects of supply-side shocks on aggregate income and tax revenues; specifically, how changes in the price-level elasticities of the aggregate demand, short-run aggregate supply relationships, and changes in the magnitude of the shocks alter the macroeconomic effects of the shocks.