Aggregate Demand Aggregate Supply Aggregate demand and supply
- Slides: 23
Aggregate Demand Aggregate Supply
Aggregate demand and supply analysis
Aggregate demand aggregate supply Price level AS Pe AD O National output
Aggregate demand aggregate supply Price level AS Pe P 2 b a AD O National output
Aggregate demand supply The New Classical Approach
New classical version of aggregate supply Price level AS O National output
New classical version of aggregate supply Price level AS P 2 P 1 O AD 2 AD 1 Y National output
Aggregate demand supply The Extreme Keynesian Approach
Extreme Keynesian version of aggregate supply Price level AS P O YF National output
Extreme Keynesian version of aggregate supply Price level AS P 4 AD 4 P AD 3 AD 2 O AD 1 Y 2 National output YF
Aggregate demand supply A typical short-run AS curve
A typical short-run aggregate supply curve Price level AS O YP National output
A typical short-run aggregate supply curve Price level AS AD 4 AD 2 AD 1 O Y 1 Y 2 AD 3 Y 3 National output Y 4 YP
Short-run response of a profit-maximising firm to a rise in demand £ MC P 1 AR 1 Q 1 MR 1 Q
Short-run response of a profit-maximising firm to a rise in demand £ MC P 1 AR 2 AR 1 Q 1 MR 2 MR 1 Q
Short-run response of a profit-maximising firm to a rise in demand £ MC P 2 P 1 AR 2 AR 1 Q 2 MR 1 Q
Aggregate demand supply The New Classical approach Effect on the long-run AS curve
The long-run aggregate supply curve when firms are interdependent SRAS 1 Price level (expected price level = P 1) P 1 a AD 1 O Q 1 National output
The long-run aggregate supply curve when firms are interdependent SRAS 2 (expected price level = P 3 ) SRAS 1 Price level (expected price level = P 1) c P 3 P 2 P 1 b a AD 2 AD 1 O Q 1 Q 2 National output
The long-run aggregate supply curve when firms are interdependent LRAS SRAS 2 (expected price level = P 3 ) SRAS 1 Price level (expected price level = P 1) c P 3 P 2 P 1 b a AD 2 AD 1 O Qn Q 2 National output
Aggregate demand supply The Keynesian Approach Effect of investment on the long-run AS curve
Effect of investment on the long-run AS curve Price level AS 1 (short run) a AD 1 National output
Effect of investment on the long-run AS curve Price level AS 1 (short run) AS 2 (short run) b AS (long run) d a AD 2 AD 1 National output
- Chapter 33 aggregate demand and aggregate supply
- Ad curve graph
- Aggregate supply shifters
- Unit 3 aggregate demand aggregate supply and fiscal policy
- Unit 3 aggregate demand aggregate supply and fiscal policy
- The long-run aggregate supply curve shifts left if
- Aggregate supply and demand graph
- Planning techniques
- Module 5 supply and demand introduction and demand
- Long run aggregate supply curve
- Matching supply with demand
- How to mix aggregate and non aggregate tableau
- Shifters of aggregate supply rap
- Supply side shock
- Dad curve equation
- Aggregate demand curve
- Recessionary gap aggregate demand
- The aggregate real money demand schedule l(r,y)
- The aggregate real money demand schedule l(r,y)
- What is expansionary monetary policy
- How to calculate nominal gdp with base year
- Aggregate demand diagram
- Which of the following shifts aggregate demand to the left?
- What is sticky wage model