AP EXAM REVIEW UNIT 3 NATIONAL INCOME AND PRICE DETERMINATION.
Circular Flow of Income is a simplified model of the economy that shows the flow of money through the economy.
MACROECONOMIC Jeopardy Have Fun!. The graph below shows a nation’s PPF curve for the production of good Y2 and Y1. Which of the following is true? A.
1 Ka-fu Wong School of Economics and Finance University of Hong Kong Adjustment to shocks and the role of government policies ** Prepared for the Professional.
Aggregate Supply How is aggregate supply different than supply? What are the components of AS? Why is this important? What is the difference between SRAS.
Capital prices & Monetary Policies Real estate prices Stock prices Inflation Monetary policies.
Economic Growth. Overview: Economic Growth Economic growth lets standard of living rise for entire economy. Key measurement = GDP; better is GDP per.
5.1 and 5.2 Sources of Economic Growth and/or Development and Consequences of Growth
Aggregate Supply How the Aggregate supply curve illustrates the relationship between the aggregate price level and the quantity of aggregate output supplied.
Long Run Long Run Aggregate Supply. While engaged in a lesson on long- run aggregate supply, you will analyze the qualities of aggregate supply in the.
Aggregate Supply, Aggregate Demand, Classical, Keynesian