AP Macro – 3/18/2020

I.  BellworkSUBMIT TO GOOGLE CLASSROOM WITH THE CLASSWORK

  • A.  Construct a productivity curve.  Demonstrate what would happen as a result of an increase in technology.
  • B.  Construct a productivity curve.  Demonstrate what would happen as a result of a destructive civil war
  • C.  Construct a productivity curve.  Demonstrate what would happen as a result of an decrease in investment (savings).

II.  Objectives:

  • Model the effects of economic growth policies
  • Demonstrate and explain how long-run economic growth is represented in macroeconomic models

III.  Notebook/Discussion Growth in Macroeconomic Models pgs 395-400

A.  PPC graph operating at productive efficiency.  Explain

  • Add a point that is unattainable to your PPC.
  • Add a point repenting inefficiency.

B.  AD-AS Graph at 1ong run equilibrium.  Explain Yp

  • AD-AS Graph demonstrating a inflationary gap – Explain what will happen in the long run
  • AD-AS Graph demonstrating a recessionary gap – Explain what will happen in the long run

C.  Shift of the LARS curve p399 Causes

  • AD-AS Graph if interest rates fall and investment increases

IV. Test on Friday – YOU NEED TO BE AVAILABLE AT 9:30 AM TO TAKE IT. MODULES 37-40

V.  ClassworkSEND THE SHEET TO ME ON GOOGLE CLASSROOM

  • On iLearn 40.1 WS
  • On iLearn Module 40 Questions

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