APMac Unit 3 Lesson 4 - Long-Run Self-Adjustment (No Reading) by jclerch https://padlet.com/jclerch/2khzfdj62fqy en-us 2017-01-01 17:34:30 UTC 2022-02-14 16:33:45 UTC hello@padlet.com https://padlet-uploads.storage.googleapis.com/135439946/f3b891bd2de2921378532ba6940493d2/IMG_12291_1mb.png jclerch https://padlet.com/jclerch/2khzfdj62fqy/wish/145179461 2017-01-03 21:47:32 UTC https://padlet.com/jclerch/2khzfdj62fqy/wish/145179461 jclerch https://padlet.com/jclerch/2khzfdj62fqy/wish/178219643 2017-07-06 21:08:11 UTC https://padlet.com/jclerch/2khzfdj62fqy/wish/178219643 jclerch https://padlet.com/jclerch/2khzfdj62fqy/wish/179962527 2017-08-02 16:31:08 UTC https://padlet.com/jclerch/2khzfdj62fqy/wish/179962527 Video Lyrics jclerch https://padlet.com/jclerch/2khzfdj62fqy/wish/227598510 2018-02-02 17:41:36 UTC https://padlet.com/jclerch/2khzfdj62fqy/wish/227598510 The First Video jclerch https://padlet.com/jclerch/2khzfdj62fqy/wish/227600077 2018-02-02 17:44:43 UTC https://padlet.com/jclerch/2khzfdj62fqy/wish/227600077 The Second Video jclerch https://padlet.com/jclerch/2khzfdj62fqy/wish/227600434 2018-02-02 17:45:27 UTC https://padlet.com/jclerch/2khzfdj62fqy/wish/227600434 Questions jclerch https://padlet.com/jclerch/2khzfdj62fqy/wish/245834155 1. Can you describe what causes SRAS to shift toward long-run equilibrium in the absence of government involvement? 

2. What were Keynes’ criticisms of the Classical theory? 

3. What does Keynes focus on in moving an economy in disequilibrium toward long-run equilibrium? 
]]> 2018-03-25 14:57:36 UTC https://padlet.com/jclerch/2khzfdj62fqy/wish/245834155 jclerch https://padlet.com/jclerch/2khzfdj62fqy/wish/277193228 2018-09-03 00:28:35 UTC https://padlet.com/jclerch/2khzfdj62fqy/wish/277193228 jclerch https://padlet.com/jclerch/2khzfdj62fqy/wish/277193244 2018-09-03 00:28:42 UTC https://padlet.com/jclerch/2khzfdj62fqy/wish/277193244 jclerch https://padlet.com/jclerch/2khzfdj62fqy/wish/277193262 2018-09-03 00:28:52 UTC https://padlet.com/jclerch/2khzfdj62fqy/wish/277193262 jclerch https://padlet.com/jclerch/2khzfdj62fqy/wish/277193289 2018-09-03 00:29:05 UTC https://padlet.com/jclerch/2khzfdj62fqy/wish/277193289 jclerch https://padlet.com/jclerch/2khzfdj62fqy/wish/277193319 2018-09-03 00:29:13 UTC https://padlet.com/jclerch/2khzfdj62fqy/wish/277193319 jclerch https://padlet.com/jclerch/2khzfdj62fqy/wish/367676900 2019-06-15 04:25:06 UTC https://padlet.com/jclerch/2khzfdj62fqy/wish/367676900 What are automatic stabilizers? jclerch https://padlet.com/jclerch/2khzfdj62fqy/wish/370870008 2019-07-11 14:08:49 UTC https://padlet.com/jclerch/2khzfdj62fqy/wish/370870008 Essential Knowledge jclerch https://padlet.com/jclerch/2khzfdj62fqy/wish/372386135 In the long run, in the absence of government policy actions, flexible wages and prices will adjust to restore full employment and unemployment will revert to its natural rate after a shock to aggregate demand or short-run aggregate supply. 

Shifts in the long-run aggregate supply curve indicate changes in the full-employment level of output and economic growth.
]]> 2019-07-26 13:36:47 UTC https://padlet.com/jclerch/2khzfdj62fqy/wish/372386135 Enduring Understanding jclerch https://padlet.com/jclerch/2khzfdj62fqy/wish/372386157 Economists use the aggregate demand–aggregate supply model to represent the relationship between the price level and aggregate output in an economy and to illustrate how output, employment, and the price level respond to macroeconomic shocks.]]> 2019-07-26 13:37:10 UTC https://padlet.com/jclerch/2khzfdj62fqy/wish/372386157 Learning Objectives jclerch https://padlet.com/jclerch/2khzfdj62fqy/wish/372386166 Explain (using graphs as appropriate) the response of output, employment, and the price level to an aggregate demand or aggregate supply shock in the long run.]]> 2019-07-26 13:37:24 UTC https://padlet.com/jclerch/2khzfdj62fqy/wish/372386166 APMa U3 L4 Introduction jclerch https://padlet.com/jclerch/2khzfdj62fqy/wish/1048882872 2021-01-02 15:19:48 UTC https://padlet.com/jclerch/2khzfdj62fqy/wish/1048882872