GCSE Economics

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AGGREGATE DEMAND AND AGGREGATE SUPPLY WITH DIAGRAMS

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This summary looks at the aggregate demand (AD) and aggregate supply (AS) curves. It explains, with diagrams, the differences between the movement along and the shift in both curves. It also explains the differences between the Keynesian and the New-Classical Long-Run Aggregate Supply Curve (LRAS). FInally, it looks at macroeconomic equilibrium and shows the shifts in equlibrium position on graphs.

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Summary
• 47 pages's •
by petermornyey •
uploaded 2022

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GCSE Economics • GCSE Economics