Topic 9: Economic Fluctuations: Using Aggregate Supply & Demand

Key Points

  1. Be able to analyze economic shocks using aggregate supply and demand
  2. Learn how to analyze the short-run economic impact of aggregate demand shocks
  3. Understand the economic forces that move an economy from a short-run equilibrium following a shock to a new long-run equilibrium
  4. Learn how to analyze the long-run economic impact of aggregate demand shocks
  5. Be able to analyze the short-run and the long-run impact of a short-run aggregate supply shock

Overview Video

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