aggregate supply and aggregate demand.

We're going to think about aggregate demand and aggregate, I'll rewrite the word, aggregate supply.

Right here we're talking in microeconomic terms, but then if we think about aggregate supply and demand, so this is aggregate, so this is, let me write aggregate, aggregate right over here, this is price, this is real GDP, this is our aggregate demand, aggregate, aggregate demand.

The sun is overhead, maximum heating, maximum evaporation, maximum clouds, maximum rainfall, maximum opportunities for reproduction.

This is a liability.

Well, assets minus liability.

So that's a liability.

The aggregate numbers are overwhelming.

This is the aggregate demand.

Why is it a liability?

Accounts Payable is a liability

That'd be my liability, right?

That could be a liability.

So I have zero liability.

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So, 'aggregate', what happens in aggregate to an economy, from the millions of individual actors.

Actually, we're going to start with aggregate demand and then start talking about aggregate supply.

The aggregate numbers are absolutely overwhelming

So aggregate capacity will go on.

Your liability would be the loan.

So now I have this liability.

I have 1,000 gold pieces liability.

And why is it a liability?

So it's a liability to me.

And pays off the liability holders.

So just this is liability, 750,000.

Subtract the liability from both sides.

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