1. Aggregate supply curve showing the three ranges : Keynesian, Intermediate, and Classical.2. He has contrasted this with more typical Aggregate Supply -Aggregate Demand models. 3. Because the model aggregates supply chains globally, local EROEI is outside its scope. 4. The long-run aggregate supply curve is vertical because factor prices will have adjusted. 5. The law unfortunately does not force aggregate supply and demand to a single marketplace. 6. Keynes contrasted his approach to the aggregate supply -focused classical economics that preceded his book. 7. A negative supply shock, such as an oil crisis, lowers aggregate supply and can cause inflation. 8. The short-run aggregate supply decrease makes an upward pressure on the price level, consequently causing inflation. 9. The real wage has a negative effect on firms'employment of labor and hence on aggregate supply . 10. The increased aggregate supply would result in increased aggregate demand, hence the term " Supply-Side Economics ".
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