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The AD-AS Model Add in library

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1. a) Use a single Powerpoint slide to build a standard AD-AS diagram, as seen in the lectures. Use textboxes to label the axes and all the essential curves, and key points such as equilibrium income and the price level. Note that equilibrium output should be labeled Yn, and equilibrium price should be labeled P1 = Pe = PT (which tells us that the initial price is the target price set by the Central Bank, and this is the price level expected by wage earners and firms). Now use a textbox to brief ...

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Tags: Australia  New South Wales  University of New South Wales Macroeconomics Macroeconomics 

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