Modeling Demand and Supply Shocks using Aggregate Demand (AD) and Aggregate Supply (AS) Outline “Short-run” versus the long run. AD and AS Together: “Short-run” equilibrium…

SGR Formula Effect Prepared by: Lisa Patrick, MD Mount Sinai School of Medicine What is the SGR? The Sustainable Growth Rate (SGR) was implemented in 2003 to control Medicare…

PowerPoint Presentation SSEMA1 The student will illustrate the means by which economic activity is measured. E. Define the stages of the business cycle; include peak, contraction,…

Migration – the movement of people within a country. Examples: Orso Kid goes to college at LSU Friend gets a new job. Why I’m Here… Task  As you view the next few…

GrossDomesticProduct GrossDomesticProduct Objectives Discuss GDP and how economists measure it. Classify economic events by reference to four macroeconomic categories, and…