https://padlet.com/leaesteffensen/ip9xhmx2bycz International economics en-us 2018-09-19 06:25:57 UTC 2018-09-19 07:21:54 UTC hello@padlet.com leaesteffensen https://padlet.com/leaesteffensen/ip9xhmx2bycz/wish/283267957 AS is also known as the total output. It is the total supply of goods and services within an economy, with a given price level at a given period. ]]> 2018-09-19 06:26:39 UTC https://padlet.com/leaesteffensen/ip9xhmx2bycz/wish/283267957 dukey_boy https://padlet.com/leaesteffensen/ip9xhmx2bycz/wish/283270347 The price of labour is fixed
Marginal & average costs rise as output increases
Increase in output will be accompanied by an increase in average costs
A change in price level, results in a change of the output
Takes a lot to change the AG, for instance rubber as a raw material wouldn't change the AG since it's not a material most industries use, though a material as oil would change the AG since oil is used in most industries.z



]]> 2018-09-19 06:35:43 UTC https://padlet.com/leaesteffensen/ip9xhmx2bycz/wish/283270347 williamstordal1 https://padlet.com/leaesteffensen/ip9xhmx2bycz/wish/283271878 Marked based policies focuses on allowing markets to operate more freely and the government doesen't intervene. 


]]> 2018-09-19 06:40:30 UTC https://padlet.com/leaesteffensen/ip9xhmx2bycz/wish/283271878 lucksipox https://padlet.com/leaesteffensen/ip9xhmx2bycz/wish/283272376 In the long run aggregate supply,, is it not affected by the price level and is driven only by improvements in productivity and efficiency. What is meant here is improvements concerning skills, education and so on among workers. Besides that it is also technological improvement and in generel an increase of capital. ]]> 2018-09-19 06:41:43 UTC https://padlet.com/leaesteffensen/ip9xhmx2bycz/wish/283272376 malthehelmer https://padlet.com/leaesteffensen/ip9xhmx2bycz/wish/283272775 To make shifts in the SRAS curve there has to be either a rise the in the price or the production which will result in a higher equilibrium point]]> 2018-09-19 06:43:02 UTC https://padlet.com/leaesteffensen/ip9xhmx2bycz/wish/283272775 leaesteffensen https://padlet.com/leaesteffensen/ip9xhmx2bycz/wish/283275457 This is macroeconomics. 
It is the total spending on goods and services in a period of time at a given price level. 
- it looks like the demand curve, it is sloping downwards. 
- total quantity of all goods-national output. 
- aggregate means total 
- changes in the price level can move along the AD curve 
- change in the components will shift the curve (decrease--left--increase-- right) ]]> 2018-09-19 06:52:21 UTC https://padlet.com/leaesteffensen/ip9xhmx2bycz/wish/283275457 williamstordal1 https://padlet.com/leaesteffensen/ip9xhmx2bycz/wish/283275777 Fiscal policy is defined as adjusts its spendings levels and tax rates in order to monitor and influence  a nations economy.
The idea behind fiscal policy is to find a balance the tax rates and public spending.]]> 2018-09-19 06:53:35 UTC https://padlet.com/leaesteffensen/ip9xhmx2bycz/wish/283275777