Summary Macroeconomics: Aggregate Supply and Demand
This is an organized and concise summary of Macroeconomics Lecture Notes 5: Aggregate Supply (AS) and Aggregate Demand (AD). It includes descriptions of the AS and AD curves, their graphs, and how shocks affect economies based on the intersection of supply & demand. Classical Long Run and Keynesian Short Run situations are explained and analyzed, as is the Quantity Theory of Money in relation to the AD curve, Supply-Side policy, and the Laffer Curve.
Geschreven voor
- Instelling
-
Tufts University
- Vak
-
EC 12
Documentinformatie
- Geüpload op
- 29 december 2023
- Aantal pagina's
- 11
- Geschreven in
- 2023/2024
- Type
- Samenvatting
Onderwerpen
- laffer curve
- aggregate supply
- aggregate demand
- supply side policy
- quantity theory of money
- exogenous shocks
- classical economics
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keynesian economics
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shape of as curve
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classical long run
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keynesian short