Teacher

Description

Overview:
The aggregate demand and supply model provides a comprehensive and intuitive explanation of changes in the price level, actual real GDP, and potential real GDP.  Students will employ the AD-AS model to examine short-run cyclical changes in the economic and long-run changes in potential real GDP. The AD-AS graphs give the students an analytical tool by which to illustrate how changes in several economic variables and policy will impact important economic indicators and overall economic performance in the short run and long run.
Subject:
Economics
Level:
Community College / Lower Division, College / Upper Division
Material Type:
Module
Provider:
Ohio Open Ed Collaborative
Date Added:
09/27/2018
License:
Creative Commons Attribution Non-Commercial Creative Commons Attribution Non-Commercial
Language:
English
Media Format:
eBook, Text/HTML

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