Topics, in course order
- 3.1Aggregate Demand (AD)Not practicedLessonNotes
- 3.2MultipliersNot practicedLessonNotes
- 3.3Short-Run Aggregate Supply (SRAS)Not practicedLessonNotes
- 3.4Long-Run Aggregate Supply (LRAS)Not practicedLessonNotes
- 3.5Equilibrium in the Aggregate Demand-Aggregate Supply (AD-AS) ModelNot practicedLessonNotes
- 3.6Changes in the AD-AS Model in the Short RunNot practicedLessonNotes
- 3.7Long-Run Self-AdjustmentNot practicedLessonNotes
- 3.8Fiscal PolicyNot practicedLessonNotes
- 3.9Automatic StabilizersNot practicedLessonNotes
Practice this unit
Question setExam-style questions from this unit's 9 topics, with an explanation for every option.
Unit testA timed test on the whole unit, every topic weighted equally.
Tools for this unit1 trainer, 1 skills tool.
In this unit's tools
Trainers 1
Skills tools 1
Free-response questions 8
- Ample reserves in a recession: the reserve market, investment, output and loanable funds
- Deficit spending at full employment in Tamsin: AD-AS, loanable funds and growth
- Limited reserves and an inflationary gap: an open market operation, the money market, bonds and unemployment
- An oil price shock in Velmar: AD-AS, the Phillips curves and the way back
- A recessionary gap in Calder: fiscal policy, the money market and self-adjustment
- A rise in the price level: money demand, the nominal interest rate and bond prices
- Closing a recessionary gap in Pellam with spending or taxes
- An inflationary gap in Rivon with no policy response