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:
- Preview the Long-Run Equilibrium Online Module.
- Visit the Econ Lowdown Teacher Portal to register your students for one or more of our online modules.
- Learn more about Econ Lowdown and watch a tutorial.
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