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Fundamentals Of Aggregate Demand And Aggregate Supply

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Saurabh Goel

The document summarizes the aggregate demand and supply model, which studies output and price level determination. It outlines the determinants and properties of aggregate demand and supply curves. Specifically, it discusses how fiscal and monetary policies can cause shifts in the aggregate demand curve, and how aggregate supply behaves in the short-run versus long-run.

EducationEconomy & FinanceTechnology
1 of 16
Fundamentals of Aggregate Demand and Aggregate Supply
Session Outline ,[object Object],[object Object],[object Object],[object Object],06/07/09
[object Object],[object Object],06/07/09
Deriving aggregate demand curve ,[object Object],[object Object],[object Object],[object Object],[object Object],06/07/09 P 0 LM 1 (M/P 1 ) E 1 i 1 i 0 Interest Rate Y 0 E Income and Output LM (M/P 0 ) IS Y 1 AD E E 1 P 1 Price Level Y 0 Output and Spending Y 1
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],06/07/09 P 0 LM 1 (M/P 1 ) E 1 i 1 i 0 Interest Rate Y 0 E Income and Output LM (M/P 0 ) IS Y 1 AD E E 1 P 1 Price Level Y 0 Output and Spending Y 1
Aggregate Demand Policies ,[object Object],[object Object],[object Object],06/07/09
Effect of Fiscal policy on AD curve ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],06/07/09 IS 1 E 1 i 1 i 0 Interest Rate Y 0 E Income and Output LM IS Y 1 AD E E 1 P 0 Price Level Y 0 Output and Spending AD’ Y 1
Effect of monetary policy on AD curve ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],06/07/09 LM 1 E 1 E 1 i 1 i 0 Interest Rate Y 0 E Income and Output LM IS Y 1 AD E E 1 P 0 P’ Price Level Y 0 K Output and Spending AD’ Y 1
Aggregate Supply in Short Run and Long Run ,[object Object],06/07/09
Aggregate Supply in Short Run and Long Run ,[object Object],[object Object],[object Object],[object Object],06/07/09
Aggregate Supply in Short Run and Long Run ,[object Object],[object Object],[object Object],[object Object],06/07/09
Aggregate Supply in the Short Run and Long Run 06/07/09 AS L AS S P Price Level Q Output (Y)
Short Run and Long Run Equilibrium between Aggregate Demand and Aggregate Supply 06/07/09 AD AS L AS S P Price Level Q Output (Y)
Factors Affecting Aggregate Demand ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],06/07/09
Factors Affecting Aggregate Supply ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],06/07/09
Aggregate supply, aggregate demand and level of employment ,[object Object],06/07/09

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Fundamentals Of Aggregate Demand And Aggregate Supply

  • 1. Fundamentals of Aggregate Demand and Aggregate Supply
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  • 12. Aggregate Supply in the Short Run and Long Run 06/07/09 AS L AS S P Price Level Q Output (Y)
  • 13. Short Run and Long Run Equilibrium between Aggregate Demand and Aggregate Supply 06/07/09 AD AS L AS S P Price Level Q Output (Y)
  • 14.
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  • 16.