Booms and recessions (III): aggregate supply and demand - The AD-AS model: basics
5 important questions on Booms and recessions (III): aggregate supply and demand - The AD-AS model: basics
What is the formula for the AS-curve?
What happens to real exchange rates if one slides down the AD-curve and how does that work?
In what five situations does the AD-curve move up under fixed exchange rates?
world interest rate or expected depreciation fall
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
What equalities hold at the intersection of the LAS curve and the AD curve?
Y=Y*
The point right of the LAS curve are what real wages? (unions)
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding