econ week 10 notes
econ week 10 notes ECON 104
Popular in Introductory Macroeconomic Analysis and Policy, Goffe
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This 2 page Class Notes was uploaded by Evangelos Katradis on Sunday April 17, 2016. The Class Notes belongs to ECON 104 at Pennsylvania State University taught by Goffe in Spring2015. Since its upload, it has received 11 views.
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Date Created: 04/17/16
econ week 10 notes (AD) Aggregate Demand total demand for final goods & services in the economy (AS) Aggregate Supply total supply of goods & services produced in the economy (SRAS) Short run aggregate supply curve relation between real production and the price level Causes of AD shift: • consumption • investment • government spending • net exports Causes of AS shift: • capital • technology • # of workers