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After watchingthe Kahn Videos, please give a written example to your classmates of a factor from the AD and AS working togetherpage changing in a
After watchingthe Kahn Videos, please give a written example to your classmates of a factor from the "AD and AS working together"page changing in a certain direction and describe the resulting change in the equilibrium.
AD: Aggregate Demand
AS: Aggregate Supply
The factors include aggregate demand:
- wealth
- interest rates
- income taxes
- expectations for future sales
The factors include aggregate supply:
- wage rates
- prices of nonlabor productivity
- supply shocks
It's asking to give a written example of a factor, so one of these I'm guessing. How it's changing in a certain direction and describe the resulting change of the equilibrium.
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