MACRO ECON ADAS SHIFTS

change in expectations

change in expectations

aggregate demand

change in wealth

aggregate demand

change in size of physical stock (if stock increases, then ___ decreases, vv)

aggregate demand

fiscal policy (----)

aggregate demand

monetary policy (---)

aggregate demand

commodity prices

SRAS

nominal wages

SRAS

changes in productivity

SRAS

changes in expectations about INFLATION

SRAS

quantity of resources available

LRAS

quality of resources

LRAS

technological progress

LRAS

rule of 70

LRAS; (70 / growth rate)