Chapter 3 discussed the variables that shift the demand curve (Section 3.1) and the variables that shift
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Chapter 3 discussed the variables that shift the demand curve (Section 3.1) and the variables that shift the supply curve (Section 3.2). How many of these variables that shift microeconomic demand and supply curves also shift the aggregate demand (AD) curve or the short-run aggregate supply (SRAS) curve? What might you conclude about the relationship between the concepts of demand and supply in microeconomics and in macroeconomics?
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There are no common factors for the demand curves and one for the supply curve p...View the full answer
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