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

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Unformatted text preview: Aggregate Supply Equilibrium Analysis Equating AS and AD determines aggregate output and the price level. Aggregate supply (AS) is the total quantity of goods and services that firms want to sell at different price levels. Aggregate demand (AD) is the total quantity of goods and services demanded at different price levels. Aggregate Demand and Supply Analysis enables us to analyse the effects of monetary policy on output and prices. CHAPTER 22 Aggregate Demand and Supply Analysis 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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