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What does it mean to graph the effects of an un anticipated increase in the price level on the AD-AS (aggregate demand/supply) graph?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter8: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 1QP

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What does it mean to graph the effects of an un anticipated increase in the price level on the AD-AS (aggregate demand/supply) graph?

Definition Definition Total supply of goods and services in an economy at a certain price level in a specific time period.

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