AD Curve Shifters - Aggregate Supply Curve • Total supply...

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Econ 4.3 Wednesday, February 10, 1999 Announcements: The online quizzes are up on the webpage. They are worth a maximum of 10 points each. You need a 70% or higher to get the points and you can take it up to three times. Homework assignment #2 is up on the web. It is due Friday, February 12. A revised copy of the syllabus was handed out today. Lecture notes: AD Curve Shifters AD = C + I + G + (EX - IM) AD Shifts right when C, I, G, EX increases, IM decreases AD Shifts left when C, I, G, EX decrease, IM increases
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Unformatted text preview: Aggregate Supply Curve • Total supply of goods and services produced in the economy • Willingness to produce GDP • Aggregate supply curve (AS) slopes upward Macroeconomic Equilibrium Aggregate Demand and Supply (Annual) • AD Shifts to the Right -- Quantity Output Increased • AD Curve Shifts to the Right -- Inflationary Growth • AS Curve Shifts to the Right -- Deflationary Growth • AD Curve Shifts to the Left -- Recession • AS Curve Shifts to the Left -- Stagflation...
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