Aggregate demand and supply
Economics Suppose that, in the year 2013, when contracts were made, the price level (GDP deflator) was 100 but everyone anticipated that the GDP deflator would be 130 in the year 2016. Here are the AgD and (short-run) AgS schedules for 2016. AgD and AgS are in trillions of constant dollars. GDP Deflator AgD AgS […]