Project #15238 - macroeconomics

Draw the AS/AD model to help you answer the following questions:

 

What does the AS curve tell you?

What does the AD curve tell you?

 

Why is the AS curve upward sloping?

Why is the AD curve downward sloping?

 

What factors shift the AS curve?

What factors shift the AD curve?

 

What does the AS/AD model determine?

 

Once you know the actual real equilibrium  income what can you do with that number?

 

If the economy is at equilibrium income is it also at full employment?  Why or why not?

What are the 4 spending groups, the percentage of each group to RGDP and the factors that that spending depends on?

 

Why is spending so important—especially in its relationship to RGDP?

 

Explain how the multiplier effect works.  What does the multiplier depend on?  Why would the multiplier effect be important to President Obama?  

Subject Science
Due By (Pacific Time) 10/28/2013 12:00 am
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