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CHAPTER 6 - Coggle Diagram
CHAPTER 6
AS curve in short run when:
inputs
technology
expected price
production cost increases
--> profits decreases
--> AS falls
The aggregate - demand (AD) curve
AD = C + I + G + Nx
P increase --> C decreases
I decreases
Nx decreases
AD curve downward because of
wealth effect
interest rate effect
exchange rate effect
E decreases --> Ex decreases, Im increases
Quantity of output (Y) on the horizontal axis
3 key factors about economic fluctions
unpredictions
fluctuate together
output falls --> unemployment
LRAS dốc lên vì
sticky wage
misperceptions
sticky prices