Objective
Students will be able to:
- Determine how changes in AD/AS affect the price level and real GDP.
Concepts
In this economic activity, students will identify how changes in AD/AS affect the price level and real (GDP).
Procedure
This activity is an individual activity where students review the effect that aggregate demand and aggregate supply have on the price level and Real GDP. To complete this activity, students should follow the instructions below:
- Choose to either read through each illustration in the ASAD Changes Review or complete the ReadyAssessments Activity to determine if the price level and real GDP will increase, decrease, or stay the same.
- Find the answers here.