Youtor
ASAD Model Part 1 Aggregate Supply and Aggregate Demand Curves
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=tdpR3kscY0c
The AS-AD (aggregate supply and aggregate demand) model has long been one of the workhorse models in undergraduate macroeconomics. In this video, I show how it can be motivated by i) aggregating over individual markets and ii) via the IS-LM model and the Phillips curve. • For adjustments dynamics from the short-run equilibrium to the medium-run equilibrium and for policy analysis within the AS-AD model, please refer to part 2 of the lecture: • • AS-AD Model Part 2: Policy Analysis
#############################
