Macroeconomic equilibrium

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1.Macroeconomic equilibrium and its characteristics

1.Macroeconomic equilibrium and its characteristics

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Aggregate demand (AD) - represented as a curve that shows the

Aggregate demand (AD) - represented as a curve that shows

the amount of goods and services that consumers, businesses, the government is ready to buy at any possible level of prices.
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Aggregate supply (AS) - this is a curve that shows the

Aggregate supply (AS) - this is a curve that shows the

actual cash amount produced, for any given price level.
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The equilibrium price level and equilibrium PPR, ie Q = Q AS AD.

The equilibrium price level and equilibrium PPR, ie Q = Q

AS AD.
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2. Models of employment resources

2. Models of employment resources

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The essence of the classical theory of employment

The essence of the classical theory of employment