1 / 4

April 4, 2014

April 4, 2014. Missed exam day(s) last week??? Unit V Quick Intro: Inflation, Unemployment, & Stabilization Policies (20-30% of AP Macro Exam) Unit Exam Date: Thursday, April 17 th Review past 2 days… Notes: Policy Effects on AS HW: Activities 5-4 and 5-5 Quiz: Fiscal Policy- Monday!.

nadine-morse
Télécharger la présentation

April 4, 2014

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. April 4, 2014 • Missed exam day(s) last week??? • Unit V Quick Intro: Inflation, Unemployment, & Stabilization Policies (20-30% of AP Macro Exam) • Unit Exam Date: Thursday, April 17th • Review past 2 days… • Notes: Policy Effects on AS • HW: Activities 5-4 and 5-5 • Quiz: Fiscal Policy- Monday!

  2. Policy Effects on Aggregate Supply • Fiscal & Monetary Policy affect the economy through changes in AD. • Also policies that can affect SRAS and LRAS. • Recall the SRAS determinants: • Economy wide input prices (labor, oil) • Wages • Advanced Technology • Recall the LRAS determinants: • Available resources • Higher quality resources • Advanced technology

  3. Shifts of the Short-RunAggregate Supply Curve • A supply shock is a change in costs that shifts the aggregate supply (AS) curve.

  4. Long-Run AggregateSupply and Policy Effects • If the AS curve is vertical in the long run, neither monetary policy nor fiscal policy has any effect on aggregate output. • In the long run, the multiplier effect of a change in government spending or taxes on aggregate output is zero.

More Related