Demand and Supply.

Discuss the demand and supply sides independently.

What factors shift AD and AS?

What is the difference between a static and a dynamic model.

How does what is presented in this chapter provide an element of dynamics.

Develop two applications of the model given a change changes in the factors that influence each side.

Identify the changes in the macroeconomy.

Who led the economy out of the last recession,

What is the mechanism that translates Fed monetary policy into economic activity.

What sort of macroeconomic information resources are available from the Fed at its web site?

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