Some articles on supply, aggregate supply, run aggregate supply, run:
... Firms will supply the equilibrium level of output whatever the price level may be ... The equation for the aggregate supply curve in general terms for the case of excess supply in the labor market, called the short-run aggregate supply curve, is where W is the ... negative effect on firms' employment of labor and hence on aggregate supply ...
... model, in which there is no long-run aggregate supply curve and the classical model, in the case of the short-run aggregate supply curve, are affected by the same determinants ... Some factors which affect short-run production costs include taxes and subsidies, price of labour (wages), and price of raw materials ... These factors shift short-run curves exclusively ...
Famous quotes containing the words supply, run and/or aggregate:
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—Barbara Coloroso (20th century)
“If you keep your feathers well oiled the water of criticism will run off as from a ducks back.”
—Ellen Henrietta Swallow Richards (18421911)
“The aggregate of all knowledge has not yet become culture in us. Rather it would seem as if, with the progressive scientific penetration and dissection of reality, the foundations of our thinking grow ever more precarious and unstable.”
—Johan Huizinga (18721945)