-
Home
- Principles of macroeconomics
- The keynesian perspective
- The building blocks of keynesian
-
Card 7 / 15:
Use the AD/AS model to explain how an inflationary gap occurs, beginning from the initial equilibrium in .
An inflationary gap is the result of an increase in aggregate demand when the economy is at potential output. Since the AS curve is vertical at potential GDP, any increase in AD will lead to a higher price level (i.e. inflation) but no higher real GDP. This is easy to see if you draw AD 1 to the right of AD 0 .
-
Keyboard Shortcuts
Previous Card |
← Previous Card Button |
Next Card |
→ Next Card Button |
Flip Card |
↑ / ↓ / Return / Space |
Questions & Answers
Explain the following terms .
(1) Abiotic factors in an ecosystem
Abiotic factors are non living components of ecosystem.These include physical and chemical elements like temperature,light,water,soil,air quality and oxygen etc
Qasim
passive process of transport of low-molecular weight material according to its concentration gradient
AI-Robot
what is production?
Catherine
how did the oxygen help a human being
how did the nutrition help the plants
Biology is a branch of Natural science which deals/About living Organism.
evolutionary history and relationship of an organism or group of organisms
AI-Robot
cell is the smallest unit of the humanity biologically
Abraham
HOW CAN MAN ORGAN FUNCTION
the diagram of the digestive system
allimentary cannel
Ogenrwot
They formed in two ways first when one sperm and one egg are splited by mitosis or two sperm and two eggs join together
Oluwatobi
what is respiration
Deborah
Genetics is the study of heredity
Misack
how does twins formed?
Misack
Got questions? Join the online conversation and get instant answers!
Source:
OpenStax, Principles of macroeconomics for ap® courses. OpenStax CNX. Aug 24, 2015 Download for free at http://legacy.cnx.org/content/col11864/1.2
Flash Cards plugin by Curtis Blackwell github.com/curtisblackwell/flash_cards
Google Play and the Google Play logo are trademarks of Google Inc.