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29A
Appendix
Aggregate Demand and Aggregate Supply
McGraw-Hill/Irwin
Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Derivation of Aggregate Demand
AE1 (at P1 )
AE2 (at P2 )
AE3 (at P3 )
Aggregate Expenditures
(billions of dollars)
1
2
3
LO1
LO1
LO1
Price Level
45°
3
P3
2
P2
1
AD
P1
Q3
Q2
Q1
Real Domestic Product, GDP
LO5
29-2
Aggregate Demand Shifts
AE2 (at P1 )
Aggregate Expenditures
AE1 (at P1 )
Price Level
45°
P1
AD2
AD1
Q1
Q2
Real Domestic Product, GDP
LO5
29-3
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