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Equilibrium in the AD-AS Model

Lesson summary: equilibrium in the AD-AS model

AP.MACRO:
MOD‑2 (EU)
,
MOD‑2.G (LO)
,
MOD‑2.G.1 (EK)
,
MOD‑2.G.2 (EK)
,
MOD‑2.G.3 (EK)
In this lesson summary review and remind yourself of the key terms and graphs related to a short-run macroeconomic equilibrium. Topics include how to model a short-run macroeconomic equilibrium graphically as well as the relationship between short-run and long-run equilibrium and the business cycle.
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