| 1. | Aggregate supply curve showing the three ranges : Keynesian, Intermediate, and Classical.
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| 2. | He has contrasted this with more typical Aggregate Supply-Aggregate Demand models.
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| 3. | Because the model aggregates supply chains globally, local EROEI is outside its scope.
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| 4. | The long-run aggregate supply curve is vertical because factor prices will have adjusted.
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| 5. | The law unfortunately does not force aggregate supply and demand to a single marketplace.
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| 6. | Keynes contrasted his approach to the aggregate supply-focused classical economics that preceded his book.
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| 7. | A negative supply shock, such as an oil crisis, lowers aggregate supply and can cause inflation.
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| 8. | The short-run aggregate supply decrease makes an upward pressure on the price level, consequently causing inflation.
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| 9. | The real wage has a negative effect on firms'employment of labor and hence on aggregate supply.
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| 10. | The increased aggregate supply would result in increased aggregate demand, hence the term " Supply-Side Economics ".
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