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Summary Macroeconomics: Aggregate Supply and Demand
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11
Uploaded on
29-12-2023
Written in
2023/2024
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.
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Written for
- Institution
- Tufts University
- Module
- EC 12
All documents for this subject (1)
Document information
- Uploaded on
- December 29, 2023
- Number of pages
- 11
- Written in
- 2023/2024
- Type
- Summary
Subjects
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laffer curve
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aggregate supply
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aggregate demand
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supply side policy
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quantity theory of money
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exogenous shocks
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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
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