Aggregate Supply/Demand Graph
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.
Escuela, estudio y materia
- Institución
- 12
- Grado
- Macroeconomics
- Año escolar
- 4
Información del documento
- Subido en
- 6 de julio de 2021
- Número de páginas
- 2
- Escrito en
- 2020/2021
- Tipo
- Entrevista
- Empresa
- Desconocido
- Personaje
- Desconocido
Temas
-
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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