'Price level falls' presentation slideshows

Output and the Exchange Rate in the Short Run

834 views • 69 slides

Aggregate Supply and Aggregate Demand

659 views • 44 slides

Mr. Thornton AP Macroeconomics

Mr. Thornton AP Macroeconomics. Aggregate Supply. Aggregate Supply. The level of Real GDP (GDP R ) that firms will produce at each Price Level (PL). Long-Run Period of time where input prices are completely flexible and adjust to changes in the price-level

254 views • 14 slides

AP Macroeconomics

AP Macroeconomics. Aggregate Supply. Aggregate Supply. The level of Real GDP (GDP R ) that firms will produce at each Price Level (PL). Long-Run Period of time where input prices are completely flexible and adjust to changes in the price-level

145 views • 14 slides

Economic Fluctuation and the Business Cycle

Economic Fluctuation and the Business Cycle. The business cycle is up-and-down movement in production and jobs. A business cycle has two phases, expansion and recession, and two turning point, a peak and a trough.

350 views • 13 slides

Chapter 7

Chapter 7. Aggregate Demand and Aggregate Supply. Aggregate Supply (AS) Curve. In our last class we saw that Aggregate Demand (AD) curve is a relationship between Price level and Real GDP (RGDP) This relationship is negative because of three effects: Wealth Effects Interest Rate Effects

118 views • 7 slides