Aggregate Demand and Aggregate Supply :: Economics
Topic 12: Aggregate Demand and Aggregate Supply
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1. Introduction
2. Three Key Facts about Economic Fluctuations
2.1 Fact 1: Economics Fluctuations are Irregular and Unpredictable
2.2 Fact 2: Most Macroeconomic Quantities Fluctuate Together
2.3 Fact 3: As Output Falls, Unemployment Rises
3. Explaining Short-Run Economic Fluctuations
3.1 How the Short Run Differs from the Long Run
3.2 The Basic Model of Economic Fluctuations
4. The Aggregate Demand Curve
4.1 Why the Aggregate Demand Curve Slopes Downwards
4.2 Why the Aggregate Demand Curve May Shift
5. The Aggregate Supply Curve
5.1 Why the Aggregate Supply Curve is Vertical in the Long Run
5.2 Why the Aggregate Supply Curve May Shift
5.3 A New Way to Depict Long Run Growth and Inflation
5.4 Why the Aggregate Supply Curve Slopes Upward in the Short Run
5.5 Why the Short Run Aggregate Supply Curve May Shift
6. Two Causes of Economic Fluctuations
6.1 The Effects of a Shift in Aggregate Demand
6.2 The Effects of a Shift in Aggregate Supply
7. Summary
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