1. AP ECONOMICS: October 4
Warm-up: List the Aggregate Demand and Aggregate Supply curve shifters (aka determinants) by memory A.P. Economics Learning Target #1: In order to understand how equilibrium national output and price level are determined, I will analyze the nature of the aggregate supply (AS) curve. I will know I have it when I can graph changes in AS and on an appropriately labeled AS graph.
--conclude Worksheet 18B (HO from earlier)—TURN IN
A.P. Economics Learning Target #2: In order to understand how equilibrium national output and price level are determined, I will analyze how aggregate demand (AD) and aggregate supply (AS) interact in the short run. I will know I have it when I can show, on an appropriately labeled AD-AS graph, how economic fluctuations impact equilibrium income and price level. --4 basic AD-AS graphs -positive D shock; negative D shock; positive S shock; negative S shock (creates stagflation) -Worksheet 19.1 (HO) Assignment:
--read Module 20
--watch videos at Mr. Clifford’s web site (AC-DC Economics)