1. AP ECONOMICS: October 3
Warm-up: Why do businesses tend to want to buy more capital when interest rates are lower?
A.P. Economics Learning Target: 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: (1) explain the different views about the shape of the AS curve; (2) explain why the AS curve shifts; (3) graph changes in AS and on an appropriately labeled AS graph; and (4) explain the implication for the AS curve when dealing with sticky prices and sticky-wages compared to flex-ible prices and wages.
Module 18 (Aggregate Supply) Notes (HO) Aggregate Supply --SRAS basics --the SRAS curve shifters --the old school “3 segments” of the SRAS --begin Worksheet 18B (HO) group assignment
Assignment:
--read Module 19
--watch videos at Mr. Clifford’s web site (AC-DC Economics)