Statements (29)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
macroeconomic model
|
| gptkbp:AD_curve |
downward sloping
|
| gptkbp:analyzes |
effects of fiscal policy
effects of monetary policy |
| gptkbp:AS_curve |
upward sloping (short run)
vertical (long run) |
| gptkbp:component |
equilibrium
AD curve AS curve |
| gptkbp:describes |
aggregate demand
aggregate supply |
| gptkbp:developedBy |
gptkb:IS-LM_model
|
| gptkbp:explains |
stagflation
business cycles output determination price level determination |
| gptkbp:graphAxes |
real GDP
price level |
| https://www.w3.org/2000/01/rdf-schema#label |
AD-AS model
|
| gptkbp:introduced |
gptkb:John_Maynard_Keynes
|
| gptkbp:shows |
long-run equilibrium
short-run equilibrium |
| gptkbp:usedFor |
analyzing economic fluctuations
studying inflation studying unemployment |
| gptkbp:usedIn |
macroeconomics
|
| gptkbp:bfsParent |
gptkb:Macroeconomic_Theory
gptkb:Macroeconomics |
| gptkbp:bfsLayer |
6
|