{"id":396,"date":"2015-05-05T03:28:48","date_gmt":"2015-05-05T03:28:48","guid":{"rendered":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/learning-outcome-the-aggregate-demandaggregate-supply-model\/"},"modified":"2023-07-14T19:07:39","modified_gmt":"2023-07-14T19:07:39","slug":"learning-outcome-the-aggregate-demandaggregate-supply-model","status":"publish","type":"chapter","link":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/learning-outcome-the-aggregate-demandaggregate-supply-model\/","title":{"raw":"Outcome: The Aggregate Demand-Aggregate Supply Model","rendered":"Outcome: The Aggregate Demand-Aggregate Supply Model"},"content":{"raw":"<h2>What you'll learn to do:\u00a0use the AD-AS model to explain the equilibrium levels of real GDP and price level<\/h2>\nIn this learning outcome, you\u00a0will become an expert\u00a0at understanding, defining, and applying the concepts of aggregate demand and aggregate supply.\n\nThe specific things you\u2019ll learn in this section include:\n<ul>\n\t<li>Define aggregate demand (AD) and explain the factors that cause it to change<\/li>\n\t<li>Define aggregate supply (AS) and explain the factors that cause it to change<\/li>\n\t<li>Use the AD-AS model to explain periods of recession, and expansion, demand-pull inflation and cost-push inflation<\/li>\n\t<li>Use the AD-AS model to explain periods of economic growth<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\nThe learning activities for this section include:\n<ul>\n\t<li>Reading: The Aggregate Demand-Aggregate Supply Model<\/li>\n\t<li>Reading: Macroeconomic Perspectives on Demand and Supply<\/li>\n\t<li>Reading: Building a Model of Aggregate Supply and Aggregate Demand<\/li>\n\t<li>Reading: Aggregate Demand<\/li>\n\t<li>Reading: Shifts in Aggregate Supply<\/li>\n\t<li>Reading: The Long Run and the Short Run<\/li>\n\t<li>Reading: Shifts in Aggregate Demand<\/li>\n\t<li>Self Check: The Aggregate Demand-Aggregate Supply Model<\/li>\n\t<li>Reading: Growth and Recession in the AS\u2013AD Diagram<\/li>\n\t<li>Reading: The AS\u2013AD Model and Economic Growth<\/li>\n\t<li>Simulation: Spend or Save\u2014Government Edition<\/li>\n\t<li>Self Check:\u00a0The AD-AS Model and Growth, Recession, Expansion, and Inflation<\/li>\n<\/ul>\nTake time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.","rendered":"<h2>What you&#8217;ll learn to do:\u00a0use the AD-AS model to explain the equilibrium levels of real GDP and price level<\/h2>\n<p>In this learning outcome, you\u00a0will become an expert\u00a0at understanding, defining, and applying the concepts of aggregate demand and aggregate supply.<\/p>\n<p>The specific things you\u2019ll learn in this section include:<\/p>\n<ul>\n<li>Define aggregate demand (AD) and explain the factors that cause it to change<\/li>\n<li>Define aggregate supply (AS) and explain the factors that cause it to change<\/li>\n<li>Use the AD-AS model to explain periods of recession, and expansion, demand-pull inflation and cost-push inflation<\/li>\n<li>Use the AD-AS model to explain periods of economic growth<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\n<p>The learning activities for this section include:<\/p>\n<ul>\n<li>Reading: The Aggregate Demand-Aggregate Supply Model<\/li>\n<li>Reading: Macroeconomic Perspectives on Demand and Supply<\/li>\n<li>Reading: Building a Model of Aggregate Supply and Aggregate Demand<\/li>\n<li>Reading: Aggregate Demand<\/li>\n<li>Reading: Shifts in Aggregate Supply<\/li>\n<li>Reading: The Long Run and the Short Run<\/li>\n<li>Reading: Shifts in Aggregate Demand<\/li>\n<li>Self Check: The Aggregate Demand-Aggregate Supply Model<\/li>\n<li>Reading: Growth and Recession in the AS\u2013AD Diagram<\/li>\n<li>Reading: The AS\u2013AD Model and Economic Growth<\/li>\n<li>Simulation: Spend or Save\u2014Government Edition<\/li>\n<li>Self Check:\u00a0The AD-AS Model and Growth, Recession, Expansion, and Inflation<\/li>\n<\/ul>\n<p>Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.<\/p>\n","protected":false},"author":32,"menu_order":196,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-396","chapter","type-chapter","status-publish","hentry"],"part":361,"_links":{"self":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/users\/32"}],"version-history":[{"count":1,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/396\/revisions"}],"predecessor-version":[{"id":397,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/396\/revisions\/397"}],"part":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/parts\/361"}],"metadata":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/396\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/media?parent=396"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapter-type?post=396"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/contributor?post=396"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/license?post=396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}