In the graph of Figure I, the annual growth rate of the GDP of the United States economy is presented since the first quarter of 2004, while, in the graphs of Figure II, three different scenarios of the relationship are represented between demand and aggregate supply that reflect different situations of economic growth. 1. Using the shifts in the aggregate demand curve in each of the three gr
In the graph of Figure I, the annual growth rate of the GDP of the United States economy is presented since the first quarter of 2004, while, in the graphs of Figure II, three different scenarios of the relationship are represented between
1. Using the shifts in the aggregate demand curve in each of the three graphs in Figure II, explain the aggregate consumption and investment function.
The graphs presented are from Figure 2, which is a representation of the aggregate supply and demand model.
DA = aggregate demand
GDP =
NGP = general price level
OAL = Long-term aggregate supply
OAC = Short-term aggregate supply
![Fuente: Table 1.1.1. Percent Change from Preceding Period in Real Gross Domestic Product
[Percent] Seasonally adjusted at annual rates
https://apps.bea.gov/iTable/iTable.cfm?reqid=19&step=2#reqid=19&step=2&isuri=1&1921=survey
Nota: Gráfica diseñada por el Prof. Evaristo Medina, utilizando los datos de la fuente de información
Figura Il - Representación del modelo de demanda y oferta agregada
Gráfica A
Gráfica B
Gráfica C
NG
NG
OAC
OAL
NGP
OAL OAL
OAC
OAL
OAL
/OAC
OAC.
DA
OAL
DA
DA
DA
DA
DA
M
a DE E
ined
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