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.
Geschreven voor
- Instelling
- 12
- Vak
- Macroeconomics
- School jaar
- 4
Documentinformatie
- Geüpload op
- 6 juli 2021
- Aantal pagina's
- 2
- Geschreven in
- 2020/2021
- Type
- Interview
- Bedrijf
- Onbekend
- Persoon
- Onbekend
Onderwerpen
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advanced placement
-
college board
-
ap macroeconomics
-
macroeconomics
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aggregate supply
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aggregate demand
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price level
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real gdp
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gross domestic product
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recessionary gap
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inflationary gap
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classical approach
-
ap
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