Kra :AQd = Total expenditure = C+I+G+(X-M) AQs = real GDP (Y) Because AQd = AQs in the equilibrium condition , So Y = C+I+G+(X-M)
以上是得出 Equilibrium condition 的方法,咁我有個疑問:
Real GDP 唔係等於 C+I+G+(X-M) 咩? 點解 AQs 等於 real GDP 而 AQd 唔係呢?
It depends on the price level is being constant or not. If we assume the Price level is exogenously determinated and remain unchanged,AD=Y=Real GDP Vice versa
AS also.
You can also simply apply the qtm model to support this answer As VM=PQ,where V=Velocity of money,M=Money supply ,P=Price level,Q=Real output. VM is refer to the AD market and PQ is refer to the AS market.