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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
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.
- Fall '08