It expresses a direct relationship between what producers supply and what consumers demand in an economy and how that relationship affects the price of a specific product or service. Aggregate ...

Prices, and especially wages, respond slowly to changes in supply and demand, resulting in periodic shortages and surpluses, especially of labor. • Changes in aggregate ... short run rather than wait ...

The proposition in the email fails to recognize that aggregate demand and supply have not changed and, in the long run, the price of gasoline would end up close to where it started. In the short ...