Հատված
To understand and use a macroeconomic model, we first need to understand how the average price of all goods and services produced in an economy affects the total quantity of output and the total amount of spending on goods and services in that economy. We will focus here on the clarification of the economic context, processes and principles to explain the foundation the curves of aggregate demand and aggregate supply curve and provide students with prerequisites for a deeper and more accurate understanding of the nature of the functioning of the market mechanism. In this lecture we leave the analysis of the impact of fiscal and monetary policy, which was based on the assumption of a fixed price level.