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Aggregate Supply and Demand, Fundamental Variables of the Macroeconomic Prediciton


  • Constantin CIURLAU

    (University of Craiova)

  • Florin Cristian CIURLAU

    (University „Titu Maiorescu”, Târgu-Jiu)


The macroeconomic prediction has extremely important, complex and difficult objectives in a competitive economy and that is due to a multitude of reasons. In this context, we estimated the fact that a key-role can be attribute to the anticipation and the projection of some essential balances of the development, process which is at the basis of the prospective study of the behaviors of the aggregate demand and offer – the concepts and the variables with the highest degree of generalization from the study of the economy and not only. We started in our study, from the analytical basics of the aggregate demand and offer, we pointed out the dependence of the production and of the prices on the interaction of the aggregate demand and offer, we used as working instruments the curves of the aggregate demand and supply and we outlines the consequences of the variation of the two sized under different circumstances.

Suggested Citation

  • Constantin CIURLAU & Florin Cristian CIURLAU, 2008. "Aggregate Supply and Demand, Fundamental Variables of the Macroeconomic Prediciton," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 3(36), pages 1109-1118, May.
  • Handle: RePEc:aio:aucsse:v:3:y:2008:i:11:p:1109-1118

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    References listed on IDEAS

    1. Lucio R. Pench & Paolo Sestito & Elisabetta Frontini, 1999. "Some unpleasant arithmetics of regional unemployment in the EU. Are there any lessons for EMU?," European Economy - Economic Papers 2008 - 2015 134, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    2. Nickell, Stephen & Nunziata, Luca & Ochel, Wolfgang & Quintini, Glenda, 2001. "The Beveridge curve, unemployment and wages in the OECD from the 1960s to the 1990s - preliminary version," LSE Research Online Documents on Economics 20113, London School of Economics and Political Science, LSE Library.
    3. Brunello, Giorgio & Lupi, Claudio & Ordine, Patrizia, 2001. "Widening differences in Italian regional unemployment," Labour Economics, Elsevier, vol. 8(1), pages 103-129, January.
    4. Cukierman, Alex & Lippi, Francesco, 1999. "Central bank independence, centralization of wage bargaining, inflation and unemployment:: Theory and some evidence," European Economic Review, Elsevier, vol. 43(7), pages 1395-1434, June.
    5. Robert J. Flanagan, 1999. "Macroeconomic Performance and Collective Bargaining: An International Perspective," Journal of Economic Literature, American Economic Association, vol. 37(3), pages 1150-1175, September.
    6. Carlo Dell'Aringa & Laura Pagani, 2007. "Collective Bargaining and Wage Dispersion in Europe," British Journal of Industrial Relations, London School of Economics, vol. 45(1), pages 29-54, March.
    7. Alun H. Thomas, 2002. "The Costs and Benefits of Various Wage Bargaining Structures; An Empirical Exploration," IMF Working Papers 02/71, International Monetary Fund.
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    More about this item


    aggregate demand; aggregate supply; balance price; potential production;

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)


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