Aggregate supply and demand are represented separately by their own curves. Aggregate supply is a response to increasing prices that drive firms to utilize more inputs to produce more output.

The equation that spells out the quantities consumers are willing to buy at each price is called the demand curve. Demand and supply curves can be charted on a graph, with prices on the vertical axis ...

The Quarterly Journal of Economics Vol. 41, No. 2, Feb., 1927 What Do Statistical "Demand Curves" Show... How statistical demand curves are constructed, 213.--The theory of the demand-and-supply curve ...

Aggregate supply and demand are represented separately by their own curves. Aggregate supply is a response to increasing prices that drive firms to utilize more inputs to produce more output.

We show that the equilibrium distribution of economic activity can be determined simply by the intersection of labor supply and demand curves. We discuss how to estimate these curves and highlight the ...