Macroeconomics Econ201
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Week 11: Interactive activity
11.1 Learning Outcomes:
Compare the dynamics of economic activity in a Short Run and a Long Run.
Comment on the role of government and government regulations on economic
activity.
Define economic recession and depression.
Calculate changes in the economic indicators.
Analyze the relationship between Aggregate Demand and Aggregate Supply.
Discuss the sticky price and sticky wages theory.
11.2 Action Required:
Watch the video using the following link:
(908) Keynesian economics | Aggregate demand and aggregate supply |
Macroeconomics | Khan Academy – YouTube
11.3 Test your Knowledge (Question):
Explain the sticky price theory.
11.4 Instructions
Answer the given question in your own word and it should be less than 100 words.
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