Equilibrium in the AD and AS Model
Equilibrium in the AD and AS Model
Angela Tran is reviewing answers for this assessment.
Points scored may dier from the grading guidelines because of teacher review. Contact your program teacher if you have any
questions.
Correct Partial Credit Incorrect
Essay
Your teacher will grade your response to ensure you receive proper credit for your answer.
1. List the determinants of short-run aggregate supply in the textbox below. (Check Lesson 3.02 for help.) (4 points)
Essay:
>Resource Costs
>Gov. Actions
>Political/Environmental Events
>Productivity
4 /4 points
2. List the determinants of aggregate demand in the textbox below. (Check Lesson 3.03 for help.) (4 points)
Essay:
>Consumer Spending
>Gov. Spending
>Investment Spending
>Net Exports
4 /4 points
Essay
Your teacher will grade your response to ensure you receive proper credit for your answer.
3. For the question below, write an explanation of the short-run eect (including the determinant of AD or AS
(5 points)
that is causing the shi𐴀, the line that shi𐴀s [AD or AS], the direction of the shi𐴀 [le𐴀 or right], and the
impact on output and price level [increase or decrease]) and submit a properly drawn and labeled
aggregate demand and aggregate supply graph for the scenario. Make sure your name and
assignment number are written on each page of graphs you submit. All text must be written in the text
box provided.
Tourists flock to visit the major theme parks in Orlando, Florida.
Essay:
In this scenario, the AD line shi𐴀s to the right due to the increase of tourists who are buying the
amusement park tickets which increases the demand for US exports (the determinant is net exports).
1/7
, Equilibrium in the AD and AS Model
This study source wBaescdaouwsneloatdheed rbey i1s00a0n00in82c9r9e0a74s9e8 ifnroAmDC,otuhrsee rHeerios.cmomoorne 0o8u-2t8p-
2u0t21an14d:5t4h:5e5 pG rMicTe-0le5:v0e0 l increases as well.
2/7
Equilibrium in the AD and AS Model
Angela Tran is reviewing answers for this assessment.
Points scored may dier from the grading guidelines because of teacher review. Contact your program teacher if you have any
questions.
Correct Partial Credit Incorrect
Essay
Your teacher will grade your response to ensure you receive proper credit for your answer.
1. List the determinants of short-run aggregate supply in the textbox below. (Check Lesson 3.02 for help.) (4 points)
Essay:
>Resource Costs
>Gov. Actions
>Political/Environmental Events
>Productivity
4 /4 points
2. List the determinants of aggregate demand in the textbox below. (Check Lesson 3.03 for help.) (4 points)
Essay:
>Consumer Spending
>Gov. Spending
>Investment Spending
>Net Exports
4 /4 points
Essay
Your teacher will grade your response to ensure you receive proper credit for your answer.
3. For the question below, write an explanation of the short-run eect (including the determinant of AD or AS
(5 points)
that is causing the shi𐴀, the line that shi𐴀s [AD or AS], the direction of the shi𐴀 [le𐴀 or right], and the
impact on output and price level [increase or decrease]) and submit a properly drawn and labeled
aggregate demand and aggregate supply graph for the scenario. Make sure your name and
assignment number are written on each page of graphs you submit. All text must be written in the text
box provided.
Tourists flock to visit the major theme parks in Orlando, Florida.
Essay:
In this scenario, the AD line shi𐴀s to the right due to the increase of tourists who are buying the
amusement park tickets which increases the demand for US exports (the determinant is net exports).
1/7
, Equilibrium in the AD and AS Model
This study source wBaescdaouwsneloatdheed rbey i1s00a0n00in82c9r9e0a74s9e8 ifnroAmDC,otuhrsee rHeerios.cmomoorne 0o8u-2t8p-
2u0t21an14d:5t4h:5e5 pG rMicTe-0le5:v0e0 l increases as well.
2/7
