Aggregate Demand and Aggregate Supply (AD-AS)
Economics · JC 1 · Introduction to Macroeconomics · 4.º Período

Aggregate Demand and Aggregate Supply (AD-AS)

Introduction to the AD-AS model to explain the general price level and national output. Students explore the components of AD and the determinants of AS.

MOE Syllabus OutcomesMOE A-Level H1 Economics, Theme 3: The National Economy - 3.1 Macroeconomic Aims and Standard of Living (Circular flow of income)MOE A-Level H1 Economics, Theme 3: The National Economy - 3.1 Macroeconomic Aims and Standard of Living (Aggregate demand and aggregate supply)

About This Topic

Introduction to the AD-AS model to explain the general price level and national output. Students explore the components of AD and the determinants of AS.

Key Questions

  1. What are the components of Aggregate Demand?
  2. What factors cause shifts in the short-run and long-run Aggregate Supply?
  3. How is macroeconomic equilibrium determined?

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Edited by Adriana Perusin, Editor-in-Chief, Flip Education
Synthesized by Flip Education from Lyman's Think-Pair-Share collaborative-discussion routine (1981)