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

The note focuses exclusively on aggregate demand considerations—on whether the stance is ... The latter requires considering aggregate supply and Phillips Curve trade-offs. The note does not cover ...

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