|
AGGREGATE MARKET SHOCKS: Disruptions of the equilibrium in the aggregate market (or AS-AD model) caused by shifts of the aggregate demand, short-run aggregate supply, or long-run aggregate supply curves. Shocks of the aggregate market are associated with, and thus used to analyze, assorted macroeconomic phenomena such as business cycles, unemployment, inflation, stabilization policies, and economic growth. The specific analysis of aggregate market shocks identifies changes in the price level (GDP price deflator) and real production (real GDP). However, changes in the price level and real production have direct implications for the unemployment rate, the inflation rate, national income, and a host of other macroeconomic measures.
Visit the GLOSS*arama
|
|

|


|
|
WHITE GULLIBON [What's This?]
Today, you are likely to spend a great deal of time going from convenience store to convenience store looking to buy either a graduation present for your niece or nephew or a toaster oven that has convection cooking. Be on the lookout for spoiled cheese hiding under your bed hatching conspiracies against humanity. Your Complete Scope
This isn't me! What am I?
|
|
Three-forths of the gold mined each year is used to manufacture jewelry.
|
|
"Try not to become a man of success but rather to become a man of value. " -- Albert Einstein
|
|
FIML Full Information Maximum Likelihood
|
|
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.
User Feedback
|

|