{"id":325,"date":"2024-05-30T03:23:21","date_gmt":"2024-05-30T03:23:21","guid":{"rendered":"https:\/\/course.oeru.org\/maec102\/?page_id=325"},"modified":"2024-05-30T03:23:21","modified_gmt":"2024-05-30T03:23:21","slug":"introduction-and-objectives","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/maec102\/learning-pathways\/aggregate-demand\/introduction-and-objectives\/","title":{"rendered":"Introduction and objectives"},"content":{"rendered":"
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Aggregate supply curve<\/div>\n<\/div>\n<\/div>\n

The aggregate demand is the sum of consumption, investment, government expenses, and net exports. Aggregate supply is the total output an economy produces at a given price level. Firms achieve equilibrium when they produce the quantity of goods and services consumers want to buy – that is, when aggregate supply equals aggregate demand. Here we will examine shifts in aggregate supply and aggregate demand and their short-term and long-term effects for the whole economy.
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Objectives<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t
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Upon successful completion, you will be able to:\n<\/p>\n