AS-AD

AcronymDefinition
AS-ADAggregate Supply - Aggregate Demand (macroeconomical model)
References in periodicals archive ?
They describe the Indian national accounts; the neoclassical general equilibrium model; Keynesian economics and the simple Keynesian model of income determination; the relationship between investment and the interest rate; how the real and financial sectors can be brought together in the same IS-LM model as a tool for discussing the impact of fiscal and monetary policies; discussion of the labor market through the AS-AD model and the relationship between unemployment and inflation, as well as related issues in the Indian economy; the application of the conventional Keynesian framework to the open economy and the role of prices, exchange rates, and interest rates in this context, and the proclivity of capitalism to financial crisis; and the insights of Hyman Minsky and Joseph Schumpeter.
Typically the AS-AD diagram plots the price level against the level of GDP.