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Summary Macroeconomics: Aggregate Supply and Demand
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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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Institution
Tufts University
Course
EC 12
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Written for
- Institution
-
Tufts University
- Course
-
EC 12
Document information
- Uploaded on
- December 29, 2023
- Number of pages
- 11
- Written in
- 2023/2024
- Type
- Summary
Subjects
- laffer curve
- aggregate supply
- aggregate demand
- supply side policy
- quantity theory of money
- exogenous shocks
- classical economics
-
keynesian economics
-
shape of as curve
-
classical long run
-
keynesian short
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