IB Economics Topic 3.2 Variations in Economic Activity - Aggregate Demand and Aggregate Supply (SL/HL) covers syllabus content. Use these notes, questionbank, videos, flashcards, and lessons to review the topic, practise exam questions, and move between notes, videos, flashcards, and lessons where available.
What this topic covers
3.2.1 Aggregate Demand (AD)
3.2.2 Components of AD
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