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Aggregate Supply and Macroeconomic Equilibrium

11th Grade · Social Studies · UK A-Level

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
0 of 5 done
  1. Short-Run Aggregate Supply (SRAS)Up next
  2. Long-Run Aggregate Supply: Classical vs Keynesian ViewsNot started yet
  3. Shifts in AS: SRAS and LRASYou are here
  4. AD-AS Equilibrium and Macroeconomic OutcomesNot started yet
  5. Demand-Side and Supply-Side ShocksNot started yet
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Learning standards covered

gbECON-6.2General Certificate of Education Advanced Level (UK A-Level) · Economics · 11th Grade

Aggregate demand and aggregate supply