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.
- Fall '08