Popular courses 'Economics' at University Of South Florida
Economics Study guides, Class notes & Summaries
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Exam 3 Study Guide
- Study guide • 5 pages • 2019
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1. What three effects explain why aggregate demand (referred to as AD henceforth) is downward
sloping? Which component of GDP does not have an effect associated with it?
. What causes movement along the AD curve?
3. What causes a shift in the AD curve? (You need to know causes of a shift AND the direction of a shift)
Why is the short-run aggregate supply curve (SRAS) upward sloping?
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Exam 3 Study Guide
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1. What three effects explain why aggregate demand (referred to as AD henceforth) is downward sloping? Which component of GDP does not have an effect associated with it? . What causes movement along the AD curve? 3. What causes a shift in the AD curve? (You need to know causes of a shift AND the direction of a shift) Why is the short-run aggregate supply curve (SRAS) upward sloping?
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