What to know for test
Post date: Dec 4, 2012 5:41:04 AM
The multiplier
Marginal propensity to consume and save.
The consumption function
Aggregate demand curve and what shifts it
Short run aggregate supply curve and what shifts it
Long run aggregate supply curve and what shifts it
How the economy moves back to LRAS when it is out of equilibrium
Fiscal policy: how the government can move the AD curve
How they can move the SRAS
How they can move the LRAS
Phillips Curve
How Phillips Curve relates to supply and demand model.