The aggregate demand (AD) curve in macroeconomics depicts the relationship between the economy’s total demand for goods and
Tag: AD-AS analysis
shape of the AD curve
The Aggregate Demand (AD) curve slopes downward, indicating that as the price level rises, the quantity of real
determinants of AD
The determinants of aggregate demand (AD) refer to the key factors that cause shifts in the AD curve,
determinants of AS
The determinants of aggregate supply (AS) in economics are classified into short-run aggregate supply (SRAS) and long-run aggregate
aggregate supply
Aggregate supply (AS) refers to the total quantity of goods and services that firms in an economy are
aggregate demand
Aggregate demand (AD) refers to the total level of demand for goods and services in an economy at
AS curve
In macroeconomics, the Aggregate Supply (AS) curve illustrates the total volume of goods and services that an economy