Aggregate Supply/Demand Graph
This document provides a general example of the components of the aggregate supply and demand graph. It also shows an example of a recessionary and inflationary gap and how these can be fixed by using the classical approach, Keynesian economics, or supply-side economics. Each example also explains what will happen to the short-run aggregate supply and how that affects unemployment and GDP.
École, étude et sujet
- Établissement
- 12
- Cours
- Macroeconomics
- Année scolaire
- 4
Infos sur le Document
- Publié le
- 6 juillet 2021
- Nombre de pages
- 2
- Écrit en
- 2020/2021
- Type
- Interview
- Compagnie
- Inconnu
- Personne
- Inconnu
Sujets
- advanced placement
- college board
- ap macroeconomics
- macroeconomics
- aggregate supply
- aggregate demand
- price level
-
real gdp
-
gross domestic product
-
recessionary gap
-
inflationary gap
-
classical approach
-
ap
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