3.2 Variations in economic activity - aggregate demand and aggregate supply - International Baccalaureate (IB) Economics

Master 3.2 Variations in economic activity - aggregate demand and aggregate supply with International Baccalaureate (IB) Economics exam-style questions, flashcards, lessons, and notes. All resources are aligned with the International Baccalaureate (IB) syllabus and designed for both SL and HL students.

Subtopics

3.2.1 Aggregate demand (AD)

3.2.2 Components of AD (consumption)

3.2.3 Determinants of AD components

3.2.4 Shifts of the AD curve caused by changes in determinants

3.2.5 Short-run aggregate supply (SRAS) curve

3.2.6 Shifts of the SRAS curve

3.2.7 Alternative views of aggregate supply (AS)

3.2.8 Shifts of the AS curve over the long-run

3.2.9 Macroeconomic equilibrium

3.2.10 Assumptions and implications of the monetarist/new classical and Keynesian models

3.2 Variations in economic activity - aggregate demand and aggregate supply

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