Economics (McConnell), 18th EditionChapter 29:
Aggregate Demand and Aggregate Supply (+ Appendix)IN THIS CHAPTER YOU WILL LEARN: - About aggregate demand (AD) and the factors that cause it to change.
- About aggregate supply (AS) and the factors that cause it to change.
- How AD and AS determine an economy's equilibrium price level and level of real GDP.
- How the AD-AS model explains periods of demand-pull inflation, cost-push inflation, and recession.
- (Appendix) How the aggregate demand curve relates to the aggregate expenditures model.
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