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Module 5: Long Run Aggregate Supply and Aggregate Demand - Coggle Diagram
Module 5: Long Run Aggregate Supply and Aggregate Demand
Long Run Aggregate Supply and its relation to the Poduction Possibilities Curve
Determinants of Long Run Aggregate Supply to Long Run Economic Growth
Aggregate Demand and its relation to the Expenditure Approach
Real Balance Effect
Interest Rate Effect
Open Economy Effect
Determinants of Aggregate Demand + Change in Aggregate Demand vs Change in Aggregate Quantity Demanded
Household and Business Expectations
Wealth
Real Interest
Taxes
The money supply
Exchange Rate
Other countries economic conditions
Changes in Long Run Aggregate Supply/Demand on Long Run Equilibrium Prices, Output, and Employment
A change in long run aggregate supply
A change in aggregate demand
Single Shifts
Double Shifts
Classical Economics and its relation to Aggregate Demand and Supply Model