EC 12
Tufts University
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Macroeconomics: Aggregate Supply and Demand
- Summary • 11 pages • 2023
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This is an organized and concise summary of Macroeconomics Lecture Notes 5: Aggregate Supply (AS) and Aggregate Demand (AD). It includes descriptions of the AS and AD curves, their graphs, and how shocks affect economies based on the intersection of supply & demand. Classical Long Run and Keynesian Short Run situations are explained and analyzed, as is the Quantity Theory of Money in relation to the AD curve, Supply-Side policy, and the Laffer Curve.
Summary
Macroeconomics: Aggregate Supply and Demand
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ago
This is an organized and concise summary of Macroeconomics Lecture Notes 5: Aggregate Supply (AS) and Aggregate Demand (AD). It includes descriptions of the AS and AD curves, their graphs, and how shocks affect economies based on the intersection of supply & demand. Classical Long Run and Keynesian Short Run situations are explained and analyzed, as is the Quantity Theory of Money in relation to the AD curve, Supply-Side policy, and the Laffer Curve.
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