lesson
AD-AS Equilibrium and Macroeconomic Outcomes
Use the AD-AS model to determine equilibrium output, price level, unemployment, and inflation.
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Aggregate Supply and Macroeconomic Equilibrium
5 lessons
Goal
Use the AD-AS model to determine macroeconomic equilibrium and analyse the effects of supply-side shifts and economic shocks.
5 lessons
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- Short-Run Aggregate Supply (SRAS)Up next
- Long-Run Aggregate Supply: Classical vs Keynesian ViewsNot started yet
- Shifts in AS: SRAS and LRASNot started yet
- AD-AS Equilibrium and Macroeconomic OutcomesYou are here
- Demand-Side and Supply-Side ShocksNot started yet
