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Try to answer each of the questions on a piece of paper. When you are finished, watch the videos next to each question to get the solution. These will only be as helpful as you make them. Answer first, watch second.
Try to answer each of the questions on a piece of paper. When you are finished, watch the videos next to each question to get the solution. These will only be as helpful as you make them. Answer first, watch second.
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An economy starts at its long-run equilibrium. Use the AS/AD model to show what happens if new technology results an a widespread increase in worker productivity. What are the differences between the short-run and long-run impacts?
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An economy starts at its long-run equilibrium. Use the AS/AD model to show what happens if a new trade deal results in a large increase in exports. What are the differences between the short-run and long-run impacts?
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3
An economy starts at its long-run equilibrium. Use the AS/AD model to show what happens if a hurricane results in significant destruction of productive resources. What are the differences between the short-run and long-run impacts?
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An economy starts at its long-run equilibrium. Use the AS/AD model to show what happens if uncertainty leads to low consumer confidence and a large reduction in consumer spending. What are the differences between the short-run and long-run impacts?
Module 6 Quick Quiz
Module 6 Quick Quiz
Now that you have watched all the videos and tried all of the example problems, see how you do on this short quiz. If you score under 75%, consider reaching out to your course instructor for some advice.
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