Aggregate Demand and Supply · Macroeconomics

Aggregate Supply and Equilibrium

Understanding the short-run and long-run aggregate supply curves and macroeconomic equilibrium.

Key Questions

  1. 1What incentives drive firms to increase production when the price level rises?
  2. 2How do supply-side shocks create stagflation in an economy?
  3. 3Who benefits when a country experiences long-term expansion of its productive capacity?

MOE Syllabus Outcomes

MOE: Aggregate Demand and Supply - JC1
Level: JC 1
Subject: Economics
Unit: Aggregate Demand and Supply
Period: Macroeconomics

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