Learning Outcomes

The Business Cycle

Aggregate Demand

Shifts in Aggregate Demand

Long-Run Aggregate Supply

Short-Run Aggregate Supply

Demand-Pull Inflation Under Johnson

Real GDP Driving Price

Cost-Push Inflation

Lesson Summary

In this module, you will learn about the relationship between supply and demand and how it affects the economy as a whole

Aggregate Supply and Demand - Final Assessment

Study how aggregate supply and demand helps economists interpret economic events with this free macroeconomics course.

Aggregate Supply and Demand

Aggregate supply and demand are key concepts in macroeconomics. Determining the supply and demand for services can help economists interpret events in the past, provide a basis for price determination in a market, and even facilitate forecasts of the economy's future. This course will teach you the fundamentals of modelling aggregate supply and demand, and why a single event can have a significant effect on these models.

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