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Aggregate Supply/Demand Graph

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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.

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Institution
12
Module
Macroeconomics








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Institution
12
Module
Macroeconomics
School year
4

Document information

Uploaded on
July 6, 2021
Number of pages
2
Written in
2020/2021
Type
Interview
Company
Unknown
Person
Unknown

Subjects

  • 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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