Unit 2: Introduction to Macroeconomics

Lesson 12c: The AD/AS Model - Stabilization Policies and AS/AD in the Long Run

Assignments: Video Lectures

Fiscal Policy and Economic History of the U.S. Historical circumstances explained by AD/AS: Demand-pull inflation under Johnson (Khan Academy 9:18) Historical circumstances explained by AD/AS: Real GDP driving price (Khan Academy 6:15) Historical circumstances explained by AD/AS : Cost-push inflation (Khan Academy 5:45) Long-Run AS 14.2.3 The Long-Run Aggregate Supply Curve 11:17 [MyNotes] 14.3.3 Equilibrium in the Long Run 7:32 14.3.4 Expectations in the Long Run and the Short Run 14:36 [MyNotes] 14.3.5 Long-Run Macroeconomic Equilibrium 16:55 [MyNotes] Phillips Curve 14.4.1 The Phillips Curve: Definitions and the Historical Record 13:38 [MyNotes] 14.4.2 Expectations and the Phillips Curve 9:15 [MyNotes]

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