Թեմա - The aggregate supply curve and the interpretation of its specific sections
Տեսակ - Կուրսային, անհատական և ստուգողական աշխատանքներ
Գին - 3000 դրամ
Առարկա - Անգլերեն լեզվով
Էջեր - 10
The aggregate supply curve and the interpretation of its specific sections
Conclusion
2. Dutt, Amitava K.; Skott, Peter (1996). "Keynesian Theory and the Aggregate-Supply/Aggregate-Demand Framework: A Defense". Eastern Economic Journal. 22 (3): 313–331.
3. Dutt, Amitava K.; Skott, Peter (2006). "Keynesian Theory and the AD-AS Framework: A Reconsideration". In Chiarella, Carl; Franke, Reiner; Flaschel, Peter; Semmler, Willi. Quantitative and Empirical Analysis of Nonlinear Dynamic Macromodels. Contributions to Economic Analysis. 277. Emerald Group. pp. 149–172. doi:10.1016/S0573-8555(05)77006-1.
4. Mankiw, N. Gregory (2007). Macroeconomics (Sixth ed.). New York: Worth Publishers.
Aggregate supply, also known as total output, is the total supply of goods and services produced within an economy at a given overall price level in a given time period. It is represented by the aggregate supply curve, which describes the relationship between price levels and the quantity of output that firms are willing to provide. Normally, there is a positive relationship between aggregate supply and the price level. Rising prices are usually signals for businesses to expand production to meet a higher level of aggregate demand. When demand increases amid constant supply, consumers compete for the goods available and therefore pay higher prices. This change in dynamic induces firms to increase supply output to sell more goods. The resulting supply increase causes prices to normalize and output to remain elevated.