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C9 - AD-AS Model
C9 - AD-AS Model
1
Chapter 9
AD-AS model
2
3 Aggregate Demand (AD)
AD = C + I + G + (X – IM)
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5
6
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8
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10 Short-run Aggregate Supply (SRAS)
11
12
13 Demand Shocks
Demand-pull
inflation
14 Supply Shocks
Cost-push
inflation
15 Question 1
16 Long-run Aggregate Supply (LRAS)
17 Long-run equilibrium
18
19 Question 2
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21
22
23
24
25
AD-AS model
and the
Business cycle
Question 3
26
Question 4
27
28 Question 5