Learn about the "most important graph in all of macroeconomics: aggregate demand and aggregate supply". Here, an economics instructor explains how wages, resource prices, and supply are all affected within shifting aggregate curves.

Concepts

full-time employment, employment

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Additional Tags

lras, full employment, inflationary gap, social studies

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Instructional Ideas

• Link to video on your website as a tool for learners to use for review, or as a way of summarizing other reading/notes on the subject

Classroom Considerations

• Class members should understand the concept of full employment and shifting supply and demand graphs before beginning video

• This video is hosted on YouTube

Pros

• Reiterates concept of basic demand curve in order to illustrate aggregate demand
• Main instructional points appear at bottom of screen throughout the video

Cons

• None

Common Core

RH.11-12.2 RH.11-12.4