Topic X 6 1. 2. 3. 4. 5. 6. 7. Aggregate Demand and Supply LEARNING OUTCOMES By the end of this topic, you should be able to: Explain the meaning of the terms aggregate demand;…

AGGREGATE SUPPLY AND AGGREGATE DEMAND Objectives After studying this chapter, you will able to  Explain what determines aggregate supply  Explain what determines aggregate…

Slide 18 AM – May 17 th, 2012 AP Macroeconomics Test Review RMCE/HWRHS Slide 2 8 AM – May 17 th, 2012 AP Macroeconomics Test Review RMCE/HWRHS Circular Flow Model Slide…

Slide 1AE equilibrium At full employment, real GDP equals potential GDP and the unemployment rate equals the natural unemployment. Y = Y FE u c = 0 g 3% 2% u 5% Potential…

Slide 1 Slide 2 The Short-Run Policy Tradeoff CHAPTER 31 Slide 3 C H A P T E R C H E C K L I S T When you have completed your study of this chapter, you will be able to 1…

Slide 1Aggregate Supply and Aggregate Demand CHAPTER 11 Slide 2 After studying this chapter you will be able to Distinguish between the macroeconomic long run and short run…

Slide 1 Slide 2 The Short-Run Policy Tradeoff CHAPTER 17 Slide 3 When you have completed your study of this chapter, you will be able to C H A P T E R C H E C K L I S T Describe…

Slide 1Aggregate Supply and Aggregate Demand CHAPTER 27 Slide 2 After studying this chapter you will be able to Distinguish between the macroeconomic long run and short run…

Slide 1Chapter 12 Unemployment and Inflation Slide 2 Copyright © 2005 Pearson Addison-Wesley. All rights reserved. 12-2 Figure 12.1 The Phillips curve and the U.S. economy…

Slide 1 Slide 2 Money, Interest, and Inflation CHAPTER 28 Slide 3 C H A P T E R C H E C K L I S T When you have completed your study of this chapter, you will be able to…