Macroeconomics Assignment: Aggregate Demand, Supply, and Equilibrium

This macroeconomics assignment delves into key concepts such as aggregate demand (AD) and aggregate supply (AS), exploring their shifts and impacts on real GDP and price levels. The assignment analyzes short-run and long-run macroeconomic equilibrium, examining how changes in factors like interest rates, expected price levels, and government intervention affect the economy. It investigates the effects of recession, including the relationship between demand reduction, input prices, and output. The assignment includes graphical representations and discusses the factors that contribute to economic trends, such as increasing labor force and technological advancements. The document also examines the dynamics of short-run and long-run equilibrium, emphasizing the differences between AS and LRAS, and how various factors shift the aggregate supply curve.