Tag: short-run-aggregate-supply

Tag: short-run-aggregate-supply

1 page tagged short-run-aggregate-supply.

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• Chapter 48: Aggregate Demand and Aggregate Supply — Economics 101

  Aggregate demand (AD) and aggregate supply (AS) are the macroeconomic counterparts to the individual market’s supply-and-demand model. Together they explain why economies expand and contract, why unemployment and inflation move the way they do, and why the short run and long run behave so differently.

Related tags

• aggregate-demand
• aggregate-supply
• long-run-aggregate-supply
• gdp
• price-level
• macroeconomics