Unit 1 Charts/Graphs

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13 Terms

1
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Circular flow model

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2
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Production possibility curve

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3
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Supply / Demand / Equilibrium

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4
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Price floors and price ceilings

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5
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Aggregate Supply Curve shifts

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6
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Aggregate Demand Curve Shifts

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7
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Market Clearing Price

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8
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Suprlus + Shortage + Market Clearing Price

P5 line is shortage

P11 line is surplus

<p>P5 line is shortage</p><p>P11 line is surplus</p>
9
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Market supply curve

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10
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Market Equilibrium

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11
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Consumer / producer surplus

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12
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Increase in demand shift

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13
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Increase in supply shift

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