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.”
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“We cannot think of a legitimate argument why ... whites and blacks need be affected by the knowledge that an aggregate difference in measured intelligence is genetic instead of environmental.... Given a chance, each clan ... will encounter the world with confidence in its own worth and, most importantly, will be unconcerned about comparing its accomplishments line-by-line with those of any other clan. This is wise ethnocentricism.”
—Richard Herrnstein (1930–1994)
““We should have to be God ourselves!”MWith a phrase so startling as this yet ringing in my ears, I nevertheless venture to demand if this our present ignorance of the Deity is an ignorance to which the soul is everlastingly condemned.”
—Edgar Allan Poe (1809–1849)
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—Ralph Waldo Emerson (1803–1882)