Edexcel A Level · 9EC0 · Theme 2: The UK economy: performance and policies
2.4.3 Equilibrium Real National Output
Also Edexcel AS 8EC0
Everything you need for questions on equilibrium real national output, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Where AD meets AS
- Measures and calculations
- AD shocks and AS shocks
- Classical and Keynesian outcomes
- A classic chain
- Classic question: will a rise in AD cause inflation?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Why the economy settles where AD = AS
- Predict, then watch the equilibrium move
- The calculation trainer
- The same rise in AD, two models
- Inflation, and supply shocks
- Build the chain
- Exam practice
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