Chapter 33. Aggregate Demand and Aggregate Supply.

Principles of Economics. Chapter 33. Aggregate Demand and Aggregate Supply. Gregory Mankiw. 8th edition. Three Key Facts about Economic Fluctuations. Fact 1: Economic Fluctuations Are Irregular and Unpredictable Three Key Facts about Economic Fluctuations. Fact 2: Most Macroeconomic Quantities Fluctuate Together Explaining Short-Run Economic Fluctuations. The Assumptions of Classical Economics The Model of Aggregate Demand and Aggregate Supply The Aggregate-Demand Curve The Aggregate-Demand Curve - Why the Aggregate-Demand Curve Might Shift The Aggregate-Supply Curve -Why the Aggregate-Supply Curve Is Vertical in the Long Run The Aggregate-Supply Curve -Why the Aggregate-Why the Long-Run Aggregate-Supply Curve Might Shift The Aggregate-Supply Curve -Using Aggregate Demand and Aggregate Supply to Depict Long-Run Growth and Inflation The Aggregate-Supply Curve -Why the Aggregate-Supply Curve Slopes Upward in the Short Run The Aggregate-Supply Curve -Why the Short-Run Aggregate-Supply Curve Might Shift Two Causes of Economic Fluctuations Two Causes of Economic Fluctuations -The Effects of a Shift in Aggregate Demand Two Causes of Economic Fluctuations -The Effects of a Shift in Aggregate Demand U.S. Real GDP Growth since 1900 U.S. Real GDP Growth since 1900 - THE GREAT RECESSION OF 2008–2009 The Effects of a Shift in Aggregate Supply