Long-Run Equilibrium Online Module for Teachers and Students

Aggregate demand, short-run aggregate supply, and long-run aggregate supply come together on one of the most notable models in macroeconomics. This module will teach students how positive and negative demand shocks cause changes in real gross domestic product, price level, and unemployment in an economy. These changes can take an economy from equilibrium to disequilibrium, leading to a recession or an inflationary gap. At this point, students should already understand how these individual parts of the model work: aggregate demand (AD), short-run aggregate supply (SRAS), and long-run aggregate supply (LRAS).

Teachers:

---

If you have difficulty accessing this content due to a disability, please contact us at 314-444-4662 or economiceducation@stls.frb.org.

Search for Related Resources

Education Level: 9-12 College
Subjects: AP Economics Economics
Concepts: Economy Gross Domestic Product/GDP
Resource Types: Online Module
Languages: English