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MACROECONOMY: The aggregate, or national economy that is the prime focus of the study of macroeconomics.
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AGGREGATE DEMAND INCREASE, SHORT-RUN AGGREGATE MARKET A shock to the short-run aggregate market caused by an increase in aggregate demand, resulting in and illustrated by a rightward shift of the aggregate demand curve. An increase in aggregate demand in the short-run aggregate market results in an increase in the price level and an increase in real production. The level of real production resulting from the shock can be greater or less than full-employment real production.
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GRAY SKITTERY
[What's This?]
Today, you are likely to spend a great deal of time at the confiscated property police auction trying to buy either a 200-foot blue garden hose or a video camera with stop action features. Be on the lookout for deranged pelicans.
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This isn't me! What am I?
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Two and a half gallons of oil are needed to produce one automobile tire.
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"The more you praise and celebrate your life, the more there is in life to celebrate." -- Oprah Winfrey
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L/I
Letter of Intent
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