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.