AP Economics
Economics isn’t just something you find in a textbook. It can be a potent tool to right past wrongs and improve people’s lives. - Janet Yellen
Throwback Thursday
Let's go back in time and see what we remember from earlier this year.
The market for trees
Let's see how market forces influence the market for Christmas trees. NPR's Planet Money heads out to buy and sell some Christmas trees. Let's listen to their show and see how they do.
What's the best gift?
Before you watch the video, take their Gift Giving Guide quiz.
Inflation and the Twelve Days of Christmas
Check out the PNC Christmas Price Index to see how much your true love is spending on all those gifts.
Have a great vacation!
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Your to-do list
Please grab the notes for Topics 3.6, 3.7, and 3.8. Let's see what we can get done today.
Changes in the AD-AS Model in the Short-Run (3.6)
What happens when AD and AS shift? Let's continue to investigate.
Long-Run Self-Adjustment (3.7)
Prices adjust slow
But in the long run, balance found. Equilibrium now. Fiscal Policy (3.8)
Fiscal policy grips
The nation’s purse strings tight or loose Influence on growth Your to-do list
Please prepare to take your quiz.
When you are done, please draw me a Business Cycle Graph. Changes in the AD-AS Model in the Short-Run (3.6)
What happens when AD and AS shift? Let's continue to investigate.
Long-Run Self-Adjustment (3.7)
In the long-run, the economy just wants to get back home.
Your homework
Please make sure that you have completed the Topic Questions through 3.7.
Please complete the Edpuzzle for Automatic Stabilizers (3.9). There is no Edpuzzle for Fiscal Policy (3.8) but there is a great video in the Ultimate Review Packet that I recommend that you check out. Your to-do listPlease take out your notes on Short-Run Aggregate Supply (3.3) and grab the ones on Long-Run Aggregate Supply (3.4) from Google Classroom. Long-Run Aggregate Supply (3.4)Things should get a lot less sticky for you in the long-run but the graph is going to get more interesting too. Your homework
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