A14 Basics of AD & AS

A14 Basics of AD & AS - A14 Basics of Aggregate...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
A14 Basics of Aggregate Demand and Supply assignment: π y Using the Intro to Macroeconomics notes: 1) Cite the three main concerns being addressed in macroeconomics. 2) Explain what π & y on the above axis stand for. Explain which variables are “flow” variables; which are stock variables and how they are connected or regulated. 3) Regarding AD a. Explain from a “money perspective” why it slopes downward. b. Explain from an “expenditure” perspective why it slopes downward. c. State what kinds of problems require you to think AD from each perspective.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

A14 Basics of AD & AS - A14 Basics of Aggregate...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online