Copyright © 2004 South-Western Mods 17-21, 30 Macro Analysis Part IV.
Chapter 12. Aggregate Demand and Aggregate Supply Link to syllabus Skip “Why the AD Curve is Downward Sloping;’ pp. 343-44 and Figures 12-2, 12-3.
Price Level Real GDP ($Trillions) 0 Long run AS curve: A vertical line indicating all possible output and price level combinations the economy could end.
LECTURE 7 The AS-AD model Øystein Børsum 28 th February 2006.
Module 19 April 2015. In the AD-AS Model, the aggregate supply curve and the aggregate demand curve are used together to analyze economic fluctuations.
The Cyclical Behavior of the Price-Cost Markup
