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Changes in the AD-AS model in the short run
Lesson summary: Changes in the AD-AS model in the short run
AP Macro: MOD‑2 (EU), MOD‑2.H (LO), MOD‑2.H.1 (EK), MOD‑2.H.2 (EK), MOD‑2.H.3 (EK)
In this lesson summary review and remind yourself of the key terms and graphs related to changes in the AD-AS model. Topics include AD shocks, such as changes in consumption, investment, government spending, or net exports, and supply shocks such as price surprises that impact SRAS, and how changes in either of these impact output, unemployment, and the price level.
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