FRQ next Friday; MCT #3 on Monday, October 22nd

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Presentation transcript:

FRQ next Friday; MCT #3 on Monday, October 22nd AP ECONOMICS: October 12 Warm-up Complete then discuss Worksheet 19.1 (HO from earlier) A.P. Economics Learning Target In order to understand how equilibrium national output and price level are determined, I will analyze how AD and AS interact in ways that impact full employment output. I will know I have it when I can show, on an appropriately labeled LRAS-AD-AS graphs, the economy at equilibrium while: (1) at full employment output; (2) experiencing a recessionary gap; and (3) experiencing an inflationary gap. 3 possible economic situations (this is really, really important) -full employment -recessionary gap -inflationary gap Closure Practice the mechanics of drawing and closing the gaps Assignment Read Modules 21 and 30; GC videos FRQ next Friday; MCT #3 on Monday, October 22nd