Round 7: Tossup 14

PIGLOG functions perform a process named for this word in Deaton and Muellbauer’s regrettably-named AIDS Model. A process named for this word requires households with parallel Engel curves. Many DSGE models resolve a “problem” named for this word by positing a “representative agent.” Joan Robinson highlighted that problem named for this word by arguing that accumulated capital lacks a “natural unit” in the Two Cambridges (-5[1])Debate. A curve named for this adjective slopes (*) up in the “medium” run but is vertical in the long-run. The Solow-Swan growth model uses a total production function (-5[1])described by this word. Two curves named for this word intersect in the Keynesian Cross. For 10 points, the “A” in the AD-AS model is what adjective (10[1])that describes the combined (10[1])national supply and demand studied in macroeconomics? ■END■ (10[2])

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