Understanding Aggregate Supply and Demand

This chapter explores the dynamics of aggregate supply and demand, particularly their influences on inflation and economic activity. It highlights the effects of interest rates and pandemic-induced shocks on business investments and consumption patterns, challenging traditional economic models that focus primarily on consumer behavior.

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Noah Smith and Erik Torenberg explore the factors contributing to rising grocery prices and the impact of inflation on consumer sentiment, as well as debunking misconceptions about inflation. Match a donation up to $100 for your favorite charity with GiveWell by going to https://givewell.org and pick “Podcast” and enter Econ 102 at checkout.

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Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks
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Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co

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LINKS:

- Noahpinion on Substack: https://www.noahpinion.blog/

- Noah Smith, "Why are your groceries still so expensive?" on Substack: https://www.noahpinion.blog/p/why-are-your-groceries-still-so-expensive

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X / TWITTER:

@noahpinion (Noah)

@eriktorenberg (Erik)

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