AP ECONOMICS: February 19

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AP ECONOMICS: February 19 Warm-up What are the four “chunks” that make up the GDP? Learning Target: In order to understand how equilibrium national output and price level are determined, I will analyze the nature and shape of the aggregate demand (AD) curve. I will know I have it when I can: (1) explain why the AD curve is downward sloping; (2) explain why the AD curve shifts; and (3) graph changes in AD and on an appropriately labeled AD graph. Module 17 (Aggregate Demand) (HO) --the 4 sectors (C, Ig, G, and (X-M)) --the downward slope --AD curve shifters (determinants) AD Practice (begin at 2:15) Assignment (same assignment as last class) GC Assignment #13 (Module 17)