The aggregate demand/aggregate supply model

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Introduction to the aggregate demand/aggregate supply model

Macroeconomic perspectives on demand and supply

1 Say’s law and the macroeconomics of supply

2 Keynes’ law and the macroeconomics of demand

3 Combining supply and demand in macroeconomics

4 Key concepts and summary

Building a model of aggregate demand and aggregate supply

1 The aggregate supply curve and potential gdp

2 The aggregate demand curve

3 Equilibrium in the aggregate demand/aggregate supply model

4 Defining sras and lras

5 Key concepts and summary

Shifts in aggregate supply

1 How productivity growth shifts the as curve

2 How changes in input prices shift the as curve

3 Other supply shocks

4 Key concepts and summary

Shifts in aggregate demand

1 How changes by consumers and firms can affect ad

2 How government macroeconomic policy choices can shift ad

3 Key concepts and summary

How the ad/as model incorporates growth, unemployment, and inflation

1 Growth and recession in the ad/as diagram

2 Unemployment in the ad/as diagram

3 Inflationary pressures in the ad/as diagram

4 Importance of the aggregate demand/aggregate supply model

5 Key concepts and summary

Keynes’ law and say’s law in the ad/as model

1 Key concepts and summary

Source: OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11

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