Equilibrium level of national income Flashcards
(8 cards)
1
Q
What is the equilibrium level of RNY?
A
2
Q
How to explain new equilibrium level of GPL & RNY?
A
3
Q
Explain a rightward shift of the AD curve
A
4
Q
Explain a leftward shift of the AD curve
A
5
Q
Explain an upward shift/fall of the AS curve
A
6
Q
Explain a downward shift/rise of the AS curve
A
7
Q
Explain an outward shift of the AS curve
A
8
Q
Explain an inward shift of the AS curve
A
