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In this activity summary review and remind yourself of the key terms and graphs related to changes in the AD-AS model. Topics include AD shocks, such as changes in consumption, investment, government spending, or net exports, and supply shocks such as price surprises that impact SRAS, and how changes in either of these impact output, unemployment, and the price level. This resource is designed as a review for the AP Macroeconomics Test or a college-level macroeconomics course.
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aggregate supply, supply shock, ad-as model, ad-as model in the short run, ap macroeconomics, changes in the ad-as model in the short run, khan academy, khan academy: lesson summary: changes in the ad-as model in the short run, lesson summary: changes in the ad-as model in the short run, national income and price determination, demand shock, price determination, short-run aggregate supply
Classroom Considerations
- Knovation Readability Score: 2 (1 low difficulty, 5 high difficulty)
- The intended use for this resource is Instructional