The aggregate supply curve is a concept in macroeconomics that, with the addition of the aggregate demand curve, shows the equilibrium level of prices and quantity in an economy.

Specifically, you will need not only the supply curve but also the demand curve. Both curves should be depicted using the standard graphical setup, that is, quantity plotted on the x-axis and ...

Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for inflation over different periods. The decade of low inflation after the Great ...