aggregate supply

基本解释

Aggregate supply and demand shocks in different stages of business cycle have different mechanisms.
经济周期不同阶段中总供给和总需求冲击具有不同的作用机制。
But inflation would result only if monetisation boosted aggregate demand enough to exceed aggregate supply.
但是只有在货币化所促进总需求超过总供给时通货紧缩才会有最终有结果。
Why would fiscal policy be effective where the economy is relatively distant from potential output but not in an economy where aggregate supply curve is steep?
为什么当经济相对远离潜在产出时，而不是在一个经济体在总供给曲线是陡峭的时候财政政策才是有效的？

They consider inflation's principal determinants to be the gap between aggregate supply and demand and the public's expectations.
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The problem in the Keynesian prescription is not a shortage of aggregate demand, but surprisingly a shortage of aggregate supply.
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Or the stock of money has risen, while aggregate supply remains idle.
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