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AP Macroeconomics - Short-Run Equilibrium and Changes in AS/AD
Source: Council for Economic Education (EconEdLink) | Type: Lesson

This lesson supports the National Income and Price Determination section of the Advanced Placement Macroeconomics course. The focus of this lesson is on short-run equilibrium in the AS/AD model and the changes in real GDP and the price level if AS or AD changes. Students need to learn how to graph and explain changes in AS and AD and the resulting effects on equilibrium price level and real GDP. This lesson appears as Lesson 4, Unit 3: National Income and Price Determination in CEE's [EEL-link id='5227' title='Advanced Placement Macroeconomics (4th Edition)' ]. 




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