(Macro) Episode 24: AD & AS
Channel: mjmfoodie
Date: 2009-10-10

Just as demand & supply yield the price and quantity of a particular product, Aggregate Demand (AD) & Aggregate Supply (AS) determine the macroeconomic equilibrium - price level (telling whether we have inflation), quantity of goods and services (real GDP), and, indirectly, unemployment.

"(Macro) Episode 24: AD & AS" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercia-NoDerivs 3.0 Unported License.