Lecture The economics of Money, Banking and Financial markets: Chapter 25 - Aggregate demand and supply analysis. Aggregate demand and supply analysis will enable us to explore how aggregate output and the price level are determined. (The Financial News box, Aggregate Output, Unemployment, and the Price Level, indicates where and how often data on aggregate output and the price level are published.) Not only will the analysis help us interpret recent episodes in the business cycle, but it will also enable us to understand the debates on how economic policy should be conducted. |
