Exercises
AS-AD Model
AS-AD Model
What is aggregate demand?
Skills required: understand the concept
Related concepts:
What is aggregate supply?
Skills required: understand the concept
Related concepts:
What does real output in AS-AD model mean?
Skills required: understand the concept and graphs
What does potential output in AS-AD model mean?
Skills required: understand the concept and graphs
Draw an AS-AD diagram in the short run. Indicate the price level and output level.
Skills required: understand the concept and draw the graph
Related concepts:
Draw an AS-AD diagram in the long run. Indicate the price level and output level.
Skills required: understand the concept and draw the graph
Related concepts:
What is inflationary gap?
Skills required: understand the concept
What is deflationary gap?
Skills required: understand the concept
What will cause a movement along the AD curve?
Skills required: understand the concept and distinguish between similar concepts
What will cause AD curve shift to the right?
Skills required: understand the concept and distinguish between similar concepts
What will cause SRAS curve shift to the left?
Skills required: understand the concept and distinguish between similar concepts
What will cause LRAS curve shift to the right?
Skills required: understand the concept and distinguish between similar concepts