The Aggregate Demand and Aggregate Supply Model

11. the Aggregate Demand (AD) curve and factors that can cause movements along and shifts of the AD curve

12. the short-run aggregate supply (SRAS) curve and factors that can cause movements along and shifts of the SRAS curve

13. the long-run aggregate supply (LRAS) curve and factors that can cause shifts of the LRAS curve

14. macroeconomic equilibrium using the AD/AS model

15. the impact of changes in aggregate demand and aggregate supply on the equilibrium level of income/output using the AD/AS model

16. the use of the AD/AS model to explain the business cycle