Macroeconomic Equilibrium and Shocks
Students analyze how the interaction of AD and AS determines national output, price level, and employment, and the impact of shocks.
Key Questions
- Explain how the interaction of AD and AS determines macroeconomic equilibrium.
- Analyze the impact of demand-side and supply-side shocks on equilibrium.
- Predict the short-run and long-run adjustments to macroeconomic shocks.
National Curriculum Attainment Targets
Suggested Methodologies
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