Chapter 15: Extending the Analysis of Aggregate SupplyThis is a featured page


From Short-run to Long-run Aggregate Supply
  • Short-Run Aggregate Supply
  • Long-Run Aggregate Supply
  • Long-Run equilibrium in the AS-AD model

Applying the extended AD/AS model
  • Demand-pull inflation
  • Cost-push inflation
  • Recession

The Inflation-Unemployment Relationship - the Phillips Curve
  • The Phillips Curve
  • AS shocks and the Phillips Curve

The Long-run Phillips Curve
  • SR Phillips Curve
  • LR vertical Phillips Curve
  • Disinflation

Taxation and Aggregate Supply
  • Taxes and incentive to work
  • Incentive to save and invest
  • The Laffer Curve
    • Criticism of the Laffer Curve
    • Evaluation of the Laffer Curve



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