AD–AS model
id:
ad-as-model-173-14396472
title:
AD–AS model
text:
The AD–AS or aggregate demand–aggregate supply model is a widely used macroeconomic model that explains short-run and long-run economic changes through the relationship of aggregate demand (AD) and aggregate supply (AS) in a diagram. It coexists in an older and static version depicting the two variables output and price level, and in a newer dynamic version showing output and inflation. The AD–AS model was invented around 1950 and became one of the primary simplified representations of macroecon
brand slug:
wiki
category slug:
encyclopedia
description:
Macroeconomic model relating aggregate demand and supply
original url:
https://en.wikipedia.org/wiki/AD%E2%80%93AS_model
date created:
2007-11-26T00:29:37Z
date modified:
2024-09-02T16:48:29Z
main entity:
{"identifier":"Q1849533","url":"https://www.wikidata.org/entity/Q1849533"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/2/25/AS_%2B_AD_graph.svg","width":368,"height":288}
fields total:
13
integrity:
16