Topic 9: Economic Fluctuations: Using Aggregate Supply & Demand
Key Points
- Be able to analyze economic shocks using aggregate supply and demand
- Learn how to analyze the short-run economic impact of aggregate demand shocks
- Understand the economic forces that move an economy from a short-run equilibrium following a shock to a new long-run equilibrium
- Learn how to analyze the long-run economic impact of aggregate demand shocks
- Be able to analyze the short-run and the long-run impact of a short-run aggregate supply shock
Overview Video
Overview of Using AS-AD
Videos
Short-run Impact of a Positive Aggregate Demand Shock
Long-run Impact of a Positive Aggregate Demand Shock
Negative Aggregate Demand Shock
Short-run and Long-run Impact of an SRAS Shock