Unit 6: Lesson 38 - Aggregate Demand and Aggregate Supply Students build their understanding of aggregate demand and aggregate supply. They use their new skills to analyze the effects of events and government monetary and fiscal policies on inflation, unemployment, and economic growth. In the first two Activities, students identify different components of AD and AS and the factors that shift AD and AS. In the last two Activities, students use AD and AS analysis to predict the effect of events and government monetary and fiscal policies on inflation, unemployment, and economic growth. Concepts: - Aggregate Demand (AD)
- Aggregate Supply (AS)
- Fiscal Policy
- Macroeconomic Equilibrium
- Monetary Policy
- Price
- Price Level
Standards: - Standard #18: Economic Fluctuations
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