Aggregate Demand and Supply · Macroeconomics
Aggregate Supply and Equilibrium
Understanding the short-run and long-run aggregate supply curves and macroeconomic equilibrium.
Key Questions
- 1What incentives drive firms to increase production when the price level rises?
- 2How do supply-side shocks create stagflation in an economy?
- 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
Suggested Methodologies
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