Introduction: Today we will review concepts related to the AS-AD model. There are videos to watch on these topics on the pages of this website related to aggregate supply and aggregate demand.
Homework due today: Review the concepts of aggregate supply, aggregate demand, and general equilibrium. Be prepared to answer the questions ("Questions for Review" and "Problems and Applications") on the following pages of your textbook: 753-755.
In class we will:
Answer one or two of the questions identified above as part of my assessment of you in this review unit. Also, you will have some multiple-choice questions on each topic.
Go over an FRQ from an old AP exam on these topics.
Work on identifying and drawing graphs.