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Aggregate Supply

Adverse Economic Shocks: Examples, Impacts, Solutions

Updated on September 15, 2022 by Ahmad Nasrudin

Adverse Economic Shocks Examples, Impacts, Solutions

What's it: An adverse economic shock is a sudden, unexpected, and dramatic change in aggregate supply and demand, hurting the economy. For

Topic: Aggregate Demand, Aggregate Supply, Economic Shock, Macroeconomic Equilibrium Category: Macroeconomics

Economic Shock: Types, Causes, Impacts

Updated on September 15, 2022 by Ahmad Nasrudin

Economic Shock Types, Causes, Impacts

What's it: An economic shock is a sudden and unexpected significant change in an economy's output due to changes in external factors. Shocks

Topic: Aggregate Demand, Aggregate Supply, Macroeconomic Equilibrium Category: Macroeconomics

Long-Run Macroeconomic Equilibrium and Its Explanation

Updated on September 11, 2022 by Ahmad Nasrudin

Long-Run Macroeconomic Equilibrium and Its Explanation

What's it: Long-run macroeconomic equilibrium occurs when the aggregate demand curve intersects the short-run aggregate supply curve at the

Topic: Aggregate Demand, Aggregate Supply, Full Employment, Macroeconomic Equilibrium, Potential GDP Category: Macroeconomics

Short-run Macroeconomic Equilibrium and Its Implications for the Economy?

Updated on September 11, 2022 by Ahmad Nasrudin

Short-run Macroeconomic Equilibrium and Its Implications for the Economy

What's it: A short-run macroeconomic equilibrium occurs when the aggregate demand curve and the short-run aggregate supply curve intersect. It

Topic: Aggregate Demand, Aggregate Supply, Macroeconomic Equilibrium Category: Macroeconomics

Supply Shock: Examples, Causes, Effects

Updated on August 29, 2023 by Ahmad Nasrudin

Supply Shock Examples, Causes, Effects

What's it: A supply shock is a sudden and unexpected event causing a dramatic change in output. It can be positive or negative. It is positive

Topic: Aggregate Supply, Macroeconomic Equilibrium, Market Equilibrium, Supply Category: Macroeconomics

Long-Run Aggregate Supply: Its Curve And Influencing Factors

Updated on September 4, 2022 by Ahmad Nasrudin

Long-Run Aggregate Supply Its Curve And Influencing Factors

What's it: Long-run aggregate supply (LRAS) refers to the total output produced in the economy when all inputs are variable. Wages and other

Topic: Aggregate Supply, Macroeconomic Equilibrium Category: Macroeconomics

Physical Capital: Meaning, Importance, Effects on the Economy

Updated on December 9, 2020 by Ahmad Nasrudin

Physical Capital Meaning Importance Effects on the Economy

What's it: Physical capital refers to man-made means to aid production. Economists classify it as a factor of production. Examples of physical

Topic: Aggregate Supply, Physical Capital Category: Macroeconomics

Short-Run Aggregate Supply: Its Curve and Determinants

Updated on September 4, 2022 by Ahmad Nasrudin

Short-Run Aggregate Supply: Curves and Determinants

What it's: Short-run aggregate supply refers to aggregate output when some costs are variable. If we plot the curve, it has a positive slope,

Topic: Aggregate Supply Category: Macroeconomics

Labor Productivity: Meaning, Effects, How to Calculate and Increase It

Updated on July 4, 2022 by Ahmad Nasrudin

Labor Productivity Meaning Effects How to Calculate and Increase It

What's it: Labor productivity refers to the output a worker can produce. It applies to a company, industry, or economy. To calculate it, you can

Topic: Aggregate Supply, Labor Productivity Category: Macroeconomics

Very Short-Run Aggregate Supply: Its Curve and a Brief Explanation

Updated on September 4, 2022 by Ahmad Nasrudin

Very Short-Run Aggregate Supply Its Curve and a Brief Explanation

What's it: Very short-run aggregate supply refers to the aggregate supply in which firms change the output to a limited extent without changing

Topic: Aggregate Supply, Macroeconomic Equilibrium Category: Macroeconomics

Aggregate Supply: Types, Curves, and Determinants

Updated on September 4, 2022 by Ahmad Nasrudin

Aggregate Supply: Types, Curves, and Determinants

What it's: Aggregate supply (AS) is an economy's total goods and services. It behaves differently in the very short run, short run, and long

Topic: Aggregate Supply, Macroeconomic Equilibrium Category: Macroeconomics

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