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Aggregate Supply - Econlib
Aggregate Supply - Econlib
An Economics Topics Detail By Arnold S. Kling What Is Aggregate Supply? Aggregate supply is the relationship between the overall price level in the economy and the amount of output that will be supplied. As output goes up, prices will be higher. We draw attention to factors that shift the aggregate supply curve. An adverse […]
derek68·econlib.org·
Aggregate Supply - Econlib
Aggregate Demand - Econlib
Aggregate Demand - Econlib
An Economics Topics Detail By Arnold S. Kling What Is Aggregate Demand? Aggregate demand is a term used in macroeconomics to describe the total demand for goods produced domestically, including consumer goods, services, and capital goods. It adds up everything purchased by households, firms, government and foreign buyers (via exports), minus that part of demand […]
derek68·econlib.org·
Aggregate Demand - Econlib