Aggregate Demand and Aggregate Supply (AD-AS Model)

Aggregate Demand (AD) Curve is the the curve that shows the level of real GDP purchased by households, businesses, government, and foreigners (net exports) at different possible price levels during a time period, ceteris paribus.

Source: Principles of Economics by Tucker.

On the other hand, Aggregate Supply (AS) Curve is the curve that shows the level of real GDP produced at different possible price levels during a time period, ceteris paribus.

Source: Principles of Economics by Tucker.

Non-price level determinants affecting the shift of AD ans AS are summarized below:

Source: Principles of Economics by Tucker

For my BS Econ 3B Class in  ECON 106 - Intermediate Macroeconomics, kindly download the solutions to your assignment and the e-copy of the ebook for the AD-AS Lecture.

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Please Click--->>>>>AD-AS Model Lecture