AS/AD Long Run Adjustment

FOUNDATION FOR ECONOMIC EDUCATION

Prepare for the Economics Olympiad Competition

AS/AD long-run adjustment is the process by which the economy returns to full employment output after a short-run shock as wages and prices adjust, shifting short-run aggregate supply to restore long-run equilibrium.

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Course curriculum

1. The Long-Run Mechanism
2. Says's Law & The Power of Production
3. Closing Recessionary Gaps
4. Curbing Inflationary Gaps
5. The Supply Shock Challenge
6. Shifts in LRAS
7. Growth vs. Shocks
8. Master Adjustment Simulation
9. Article: Jean-Baptiste Say and His Timeless Law of Markets
10. Advanced Practice

Additional Business Cycles and Unemployment Modules

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Economics Olympiad Prep Modules

Use these modules to prepare for success in the Economics Olympiad competition.

FOUNDATION FOR ECONOMIC EDUCATION

Prepare for the Economics Olympiad Competition

Course curriculum

Content

Additional Business Cycles and Unemployment Modules

Business Cycle

AS/AD Equilibrium & Shifts

Aggregate Demand

Aggregate Supply

Unemployment New

Economics Olympiad Prep Modules