Key points
Aggregate supply is the total quantity of output firms will produce and sell—in other words, the real GDP.
The upward-sloping aggregate supply curve—also known as the short run aggregate supply curve—shows the positive relationship between price level and real GDP in the short run.
The aggregate supply curve slopes up because...
Key points
Aggregate supply is the total quantity of output firms will produce and sell—in other words, the real GDP.
The upward-sloping aggregate supply curve—also known as the short run aggregate supply curve—shows the positive relationship between price level and real GDP in the short run.
The aggregate supply curve slopes up because...
Key points
Aggregate demand is the sum of four components: consumption, investment, government spending, and net exports.
Consumption can change for a number of reasons, including movements in income, taxes, expectations about future income, and changes in wealth levels.
Investment can change in response to its expected profitability, which in turn is shaped by...
Key points
Aggregate demand is the sum of four components: consumption, investment, government spending, and net exports.
Consumption can change for a number of reasons, including movements in income, taxes, expectations about future income, and changes in wealth levels.
Investment can change in response to its expected profitability, which in turn is shaped by...
Writer/director Ted Braun follows controversial hedge fund titan Bill Ackman as he puts a billion dollars on the line in his crusade to expose Herbalife as the largest pyramid scheme in history.
My Link
Key points
Gross national product, or GNP, includes what is produced domestically and what is produced by domestic labor and business abroad in a year.
National income includes all income earned: wages, profits, rent, and profit income.
Net national product, or NNP, is GNP minus depreciation.
Depreciation is the process by which capital ages...
Key points
Gross national product, or GNP, includes what is produced domestically and what is produced by domestic labor and business abroad in a year.
National income includes all income earned: wages, profits, rent, and profit income.
Net national product, or NNP, is GNP minus depreciation.
Depreciation is the process by which capital ages...
Key points
There is a four-step process that allows us to predict how an event will affect the equilibrium price and quantity using the supply and demand framework.
Step one: draw a market model (a supply curve and a demand curve) representing the situation before the economic event took place.
Step two: determine whether the economic event being analyzed affects demand...
Key points
There is a four-step process that allows us to predict how an event will affect the equilibrium price and quantity using the supply and demand framework.
Step one: draw a market model (a supply curve and a demand curve) representing the situation before the economic event took place.
Step two: determine whether the economic event being analyzed affects demand...
Key points
There is a four-step process that allows us to predict how an event will affect the equilibrium price and quantity using the supply and demand framework.
Step one: draw a market model (a supply curve and a demand curve) representing the situation before the economic event took place.
Step two: determine whether the economic event being analyzed affects demand...
English
Russian
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Romaian
Portuguese (Brazil)
Greek