- Downward sloping demand curve becomes aggregate demand curve
- Upward sloping supply curve becomes aggregate supply curve
- Instead of "price" on the Y-axis, we have "price-level".
- Instead of "quantity" on the X-axis, we have "Real GDP", a measure of the size of the economy.
Aggregate Demand & Aggregate Supply Practice Question
By Mike Moffatt, About.com
Aggregate Demand & Aggregate Supply Practice Question - Set-Up
Aggregate Demand & Supply 1
This framework is quite similar to a supply and demand framework, but with the following changes:
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- Aggregate Demand & Aggregate Supply Practice Question
- Aggregate Demand & Aggregate Supply Practice Question - Set-Up
- Aggregate Demand & Aggregate Supply Practice Question - Part 1
- Aggregate Demand & Aggregate Supply Practice Question - Part 2
- Aggregate Demand & Aggregate Supply Practice Question - Part 3
- Aggregate Demand & Aggregate Supply Practice Question - Part 4
- Aggregate Demand & Aggregate Supply Practice Question - Part 5
- Aggregate Demand & Aggregate Supply Practice Question - Part 6
Aggregate Demand & Aggregate Supply
Aggregate Demand & Supply ArticlesAggregate Demand DefinitionAggregate Supply Definition
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