The aggregate supply curve is a concept in macroeconomics that, with the addition of the aggregate demand curve, shows the equilibrium level of prices and quantity in an economy. It is also used to ...

It has been more than 80 years since the beginning of the Keynesian revolution in economics with the publication of John Maynard Keynes’ The General Theory of Employment, Interest, and Money in 1936.

Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for inflation over different periods. The decade of low inflation after the Great ...

In a sample of 32 countries in Latin America and the Caribbean, the evidence indicates the existence of a kinked supply curve, implying positive demand shocks feed predominantly into prices while ...

Demand curves are useful for businesses as they provide a visual representation that graphs the relationship between a product or commodity and the amount consumers are willing or able to purchase at ...

The Energy Journal, Vol. 30, No. 4 (2009), pp. 141-154 (14 pages) This paper uses a structural vector autoregression model to investigate the inflationary effects of oil prices. Rather than simply ...

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