In this lesson summary review and remind yourself of the key terms …
In this lesson summary review and remind yourself of the key terms and graphs related to the long-run aggregate supply curve and its relationship to the stock of resources, technology, and the natural rate of unemployment.
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Practice what you've learned about why long-run aggregate supply curve (LRAS) is …
Practice what you've learned about why long-run aggregate supply curve (LRAS) is vertical, and the relationship between LRAS and the stock of resources, technology, and the natural rate of unemployment in this exercise.
Khan Academy learning modules include a Community space where users can ask questions and seek help from community members. Educators should consult with their Technology administrators to determine the use of Khan Academy learning modules in their classroom. Please review materials from external sites before sharing with students.
Principles of Macroeconomics 2e covers the scope and sequence of most introductory …
Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition. The first edition of Principles of Macroeconomics by OpenStax is available in web view here.
By the end of this section, you will be able to: Explain …
By the end of this section, you will be able to:
Explain how expansionary fiscal policy can shift aggregate demand and influence the economy Explain how contractionary fiscal policy can shift aggregate demand and influence the economy
In this chapter, you will learn about: Macroeconomic Perspectives on Demand and …
In this chapter, you will learn about: Macroeconomic Perspectives on Demand and Supply Building a Model of Aggregate Demand and Aggregate Supply Shifts in Aggregate Supply Shifts in Aggregate Demand How the AD/AS Model Incorporates Growth, Unemployment, and Inflation Keynes’ Law and Say’s Law in the AD/AS Model
By the end of this section, you will be able to: Evaluate …
By the end of this section, you will be able to:
Evaluate the Keynesian view of recessions through an understanding of sticky wages and prices and the importance of aggregate demand Explain the coordination argument, menu costs, and macroeconomic externality Analyze the impact of the expenditure multiplier
By the end of this section, you will be able to: Explain …
By the end of this section, you will be able to:
Explain the importance of potential GDP in the long run Analyze the role of flexible prices Interpret a neoclassical model of aggregate demand and aggregate supply Evaluate different ways for measuring the speed of macroeconomic adjustment
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