Aggregate Demand and Aggregate Supply

GPTKB entity

Statements (22)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:affects gptkb:economic_policy
external shocks
gptkbp:analyzes real GDP
price level
gptkbp:component macroeconomic theory
gptkbp:describes total demand and total supply in an economy
gptkbp:explains business cycles
long-run economic output
short-run economic output
gptkbp:graphicallyRepresents gptkb:AD-AS_model
https://www.w3.org/2000/01/rdf-schema#label Aggregate Demand and Aggregate Supply
gptkbp:includes aggregate demand
aggregate supply
gptkbp:relatedTo gptkb:Keynesian_economics
classical economics
gptkbp:usedFor analyzing unemployment
analyzing inflation
explaining economic fluctuations
gptkbp:usedIn macroeconomics
gptkbp:bfsParent gptkb:OpenStax_Principles_of_Macroeconomics_2e
gptkbp:bfsLayer 7