Interview
Aggregate Supply/Demand Graph
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Uploaded on
06-07-2021
Written in
2020/2021
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
Course
Macroeconomics
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Written for
- Institution
- 12
- Course
- 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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