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AD-AS ANALYSIS: An economic model relating the price level and real production that is used to analyze business cycles, gross domestic product, unemployment, inflation, stabilization policies, and related macroeconomic phenomena. The AS-AD model, inspired by the standard market model, captures the interaction between aggregate demand (the buyers) and short-run and long-run aggregate supply (the sellers).
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MARKET-CLEARING PRICE The price that exists when a market is clear of shortage and surplus, or is in equilibrium. Market-clearing price is a common, non-technical term for equilibrium price. In a market graph, the market-clearing price is found at the intersection of the demand curve and the supply curve.
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General Electric is the only stock from the original 1896 Dow Jones Industrial Average remaining in the current index.
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"To understand a man, you must know his memories. The same is true of a nation." -- Anthony Quayle, Actor
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NAIRU
Non-Accelerating Inflation Rate of Unemployment
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