Aggregate Supply, Aggregate Demand and the illusive long-run equilibrium

02/02/202104/21/2016 by admin

I would would venture to say the AS/AD model of the economy is the most common element you will find on the AP Macroeconomics Exam. This is because the AS/AD graph encapsulates the entire economy in 3 curves and illustrates the 3 macroeconomics goals of full employment, price stability, and growth. Follow the AS/AD Model link below to get a thorough review of all things AS/AD. Then, don’t forget to test your knowledge with the Flash game found at the bottom of the page.

AS/AD Model

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I would like to acknowledge the work of Dick Brunelle and Steven Reff from Reffonomics.com whose work inspired many of the review games on this site. I would also like to thank Francis McMann, James Chasey, and Steven Reff who taught me how to be an effective AP Economics teacher at AP summer institutes; as well as the countless high school teachers, and college professors from the AP readings, economics Facebook groups, and #econtwitter.