•Draw fig 14.6 and explain why the AS curve is shaped the way it is. Clearly label equilibrium real output and price
•Draw a diagram showing an increase in AD.
•Analyse five changes which could lead to an increase in AD. [success criteria : 4/5 clear linkages ; correct terminology]
•Draw a diagram showing an increase in AS.
•Read page 183. Analyse how an increase in oil prices could lead to an increase in AS. [success criteria : 4/5 clear linkages ; correct terminology]
•Exercise 14.2 on page 184
3 comments:
When is this due?
Monday
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