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What are the factors influencing aggregate supply and demand?

Paul Krugman, Robin Wells

ISBN: 9781319245269

Quino Ai

3m

According to Krugman and Wells, factors influencing aggregate supply include changes in input prices, technology, expectations, and the number of producers. On the other hand, factors affecting aggregate demand encompass changes in expectations, wealth, and physical capital stock size. Both supply and demand can also be influenced by shifts in related goods or services prices.

Macroeconomics Brief Summary

This book shows how economic concepts apply to real life, featuring holistic digital tools via SaplingPlus for a complete online learning experience.

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