Changes in The Keynesian Classical Static Model and the Derivation of IS-LM Aggregate Demand Against Post-Covid-19 Aggregate Demand In The Five  Largest GDP Countries

Riri Trisia; Riri Trisia; Rusiadi Rusiadi; Vivi Adianti

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Affiliations

Riri Trisia
Universitas Pembangunan Pancabudi Medan, Indonesia

Rusiadi Rusiadi
Universitas Pembangunan Pancabudi Medan, Indonesia

Vivi Adianti
Universitas Pembangunan Pancabudi Medan, Indonesia

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Changes in The Keynesian Classical Static Model and the Derivation of IS-LM Aggregate Demand Against Post-Covid-19 Aggregate Demand In The Five Largest GDP Countries

Riri Trisia ,
Riri Trisia ,
Rusiadi Rusiadi ,
Vivi Adianti

Proceedings Economic, Social Science, Computer, Agriculture and Fisheries (ESCAF) 1St 2022

Submitted: Oct 3, 2022

Abstract

The purpose of this study is to analyze the Classical and Keynesian models in controlling aggregate demand (money supply) after Covid19 in the five largest GDP countries, where the countries are Brazil, Russia, India, Germany and Indonesia. This study uses the Simultaneous regression analysis method, with testing using Eviews 10 and different tests using SPSS 25. The results of Simultaneous regression analysis show that INV, KPM have a positive inelastic effect on JUB. KPM, SB, TAX and JUB have a positive elastic effect on GDP. Different tests showed that in India, Germany and Indonesia there were significant differences in JUB and SB before and after the occurrence of Covid-19, in Brazil and Russia there was no significant difference in JUB, but SB experienced significant differences before and after Covid-19.