2Chp22-Econ3310 - Aggregate Supply Equilibrium Analysis 1....

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Unformatted text preview: Aggregate Supply Equilibrium Analysis 1. Based on the quantity theory of money : Determined solely by the quantity of money 2. Based on the components parts: Consumption, investment, government spending and net exports The relationship between the quantity of aggregate output demanded and the price level when all other variables are held constant Two approaches for derivation: Aggregate Demand AD Aggregate Demand ...
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This note was uploaded on 02/14/2012 for the course ECON 3310 taught by Professor Dix during the Fall '08 term at York University.

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