Reffonomics.com

3.2 Aggregate Demand

Unit 3: National Income and Price Determination

Steven M. Reff
Economics Lecturer
University of Arizona
(2007 - 2016)
The 2015 University of Arizona
Five-Star Faculty Award

3.1 Aggregate Supply

5 hours - 7 hours max.

12% - 16% of exam

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Measurement of Economic Performance (12%–16%)

• Topic 3.1   Aggregate Supply
                         • Determinants of aggregate supply
                         • Short-run and long-run analyses
                         • Sticky versus flexible wages and prices
                         • Macroeconomic equilibrium
• Topic 3.2   Aggregate Demand
                         • Determinants of aggregate demand
• Topic 3.2   Multiplier and Crowding-Out Effects
• Topic 3.4   Real Output and Price Level
                         • Short and long run
                         • Actual versus full-employment output

eVideos -- Short Videos:

eWorkbook Activities Interactive:

eTextbook Reading:

(3 min. or less, along with 3 multiple choice questions)

eVideos -- Short Videos:

eWorkbook Activities Interactive:

eTextbook Reading:

3.3 Multiplier and Crowding Out Effect

eVideos -- Short Videos:

eWorkbook Activities Interactive:

eTextbook Reading:

TEST YOURSELF 2.2:

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

CLEP® Principles of Macroeconomics Course Preparation

NOTE: This website is not a College Board® sponsored website. Everything on this
website can be used by teachers or students to get a better understanding of their
college-level Principles of Macroeconomics course.