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Unit: National income and price determination

AP Macro:
MOD (BI)
,
MOD‑2 (EU)
,
POL (BI)
,
POL‑1 (EU)

0

Possible mastery points

Aggregate demand

AP Macro:
MOD (BI)
,
MOD‑2 (EU)
,
MOD‑2.A (LO)
,
MOD‑2.A.1 (EK)
,
MOD‑2.A.2 (EK)
,
MOD‑2.A.3 (EK)

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Practice

Multipliers

AP Macro:
MOD (BI)
,
MOD‑2 (EU)
,
MOD‑2.B (LO)
,
MOD‑2.B.1 (EK)
,
MOD‑2.B.2 (EK)
,
MOD‑2.B.3 (EK)
,
MOD‑2.B.4 (EK)
,
MOD‑2.B.5 (EK)

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Practice

Quiz 1

Level up on the above skills and collect up to 200 Mastery points

Short-run aggregate supply

AP Macro:
MOD (BI)
,
MOD‑2 (EU)
,
MOD‑2.C (LO)
,
MOD‑2.C.1 (EK)
,
MOD‑2.C.2 (EK)
,
MOD‑2.C.3 (EK)
,
MOD‑2.D (LO)
,
MOD‑2.D.1 (EK)

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Practice

Long-run aggregate supply

AP Macro:
MOD (BI)
,
MOD‑2 (EU)
,
MOD‑2.E (LO)
,
MOD‑2.E.1 (EK)
,
MOD‑2.F (LO)
,
MOD‑2.F.1 (EK)
,
MOD‑2.F.2 (EK)

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Practice

Quiz 2

Level up on the above skills and collect up to 200 Mastery points

Equilibrium in the AD-AS Model

AP Macro:
MOD (BI)
,
MOD‑2 (EU)
,
MOD‑2.G (LO)
,
MOD‑2.G.1 (EK)
,
MOD‑2.G.2 (EK)
,
MOD‑2.G.3 (EK)

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Practice

Changes in the AD-AS model in the short run

AP Macro:
MOD (BI)
,
MOD‑2 (EU)
,
MOD‑2.H (LO)
,
MOD‑2.H.1 (EK)
,
MOD‑2.H.2 (EK)
,
MOD‑2.H.3 (EK)

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Long run self-adjustment

AP Macro:
MOD (BI)
,
MOD‑2 (EU)
,
MOD‑2.I (LO)
,
MOD‑2.I.1 (EK)
,
MOD‑2.I.2 (EK)

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Practice

Quiz 3

Level up on the above skills and collect up to 300 Mastery points

Fiscal policy

AP Macro:
POL (BI)
,
POL‑1 (EU)
,
POL‑1.A (LO)
,
POL‑1.A.1 (EK)
,
POL‑1.A.2 (EK)
,
POL‑1.A.3 (EK)
,
POL‑1.A.4 (EK)
,
POL‑1.A.5 (EK)
,
POL‑1.A.6 (EK)
,
POL‑1.A.7 (EK)
,
POL‑1.B (LO)
,
POL‑1.B.1 (EK)

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Practice

Automatic stabilizers

AP Macro:
POL (BI)
,
POL‑1 (EU)
,
POL‑1.C (LO)
,
POL‑1.C.1 (EK)
,
POL‑1.C.2 (EK)
,
POL‑1.C.3 (EK)
,
POL‑1.C.4 (EK)

Learn

Practice

Up next for you:

Unit test

Level up on all the skills in this unit and collect up to 1000 Mastery points!

About this unit

In this unit, you'll learn how the aggregate supply and aggregate demand model helps explain the determination of equilibrium national output and the general price level, as well as to analyze and evaluate the effects of fiscal policy. You'll also learn about the impact of economic fluctuations on the economy’s output and price level, both in the short run and in the long run.
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