Krugman AP Macroeconomics Module 18
Subject:
Economics [1]
Tags:
economics [2]
macroeconomics [3]
Terminology [4]
demand [5]
Aggregate supply [6]
inflation [7]
supply [10]
Potential output [12]
Labour economics [13]
Labor [14]
behavior [15]
Human development [16]
Computing [17]
Electronic documents [19]
Psychoanalysis [21]
Human behavior [22]
Attachment theory [24]
Technology [25]
Business [26]
Module 18: Aggregate Supply -How the aggregate supply curve illustrates the relationship between the aggregate price level and the quantity of aggregate output supplied in the economy -What factors can shift the aggregate supply curve -Why the aggregate supply curve is different in the short run from in the long run ? Aggregate Supply Aggregate Supply Curve: relationship between the aggregate price level and the quantity of aggregate output supplied in the economy The Short-Run Aggregate Supply Curve: relationship between the aggregate price level and the quantity of aggregate output supplied that exists in the short run Rise in the aggregate price level = rise in the quantity of aggregate output supplied