Shifts of Aggregate Demand and Aggregate Supply
The following summarizes the exogenous events that could shift the aggregate supply or aggregate demand curve to the right. Of course, exogenous events happening in the opposite direction would shift the relevant curve in the opposite direction.
Read more about this topic: AD-AS Model
Famous quotes containing the words shifts of, shifts, aggregate, demand and/or supply:
“God is a foreman with certain definite views
Who orders life in shifts of work and leisure.”
—Seamus Heaney (b. 1939)
“The flattering, if arbitrary, label, First Lady of the Theatre, takes its toll. The demands are great, not only in energy but eventually in dramatic focus. It is difficult, if not impossible, for a star to occupy an inch of space without bursting seams, cramping everyone else’s style and unbalancing a play. No matter how self-effacing a famous player may be, he makes an entrance as a casual neighbor and the audience interest shifts to the house next door.”
—Helen Hayes (1900–1993)
“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 (1872–1945)
“The Gothic cathedral is a blossoming in stone subdued by the insatiable demand of harmony in man.”
—Ralph Waldo Emerson (1803–1882)
“Artistic inspiration ignores the law of supply and demand.”
—Mason Cooley (b. 1927)