'Lras pl sras' presentation slideshows

AP Macroeconomics

282 views • 18 slides

AP Macroeconomics

AP Macroeconomics. The AS/AD Model. The AS/AD Model. The equilibrium of AS & AD determines current output (GDP R ) and the price level (PL ). LRAS. SRAS. PL. P. AD. Y F. GDP R. Full Employment. Full Employment equilibrium exists where AD intersects SRAS & LRAS at the same point. LRAS.

235 views • 15 slides

AP Macroeconomics

AP Macroeconomics. Economic Growth & Productivity. Economic Growth Defined. Sustained increase in Real GDP over time. Sustained increase in Real GDP per Capita over time. Why Grow?. Growth leads to greater prosperity for society . Lessens the burden of scarcity.

194 views • 11 slides