Grade 9-12
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Activity

Changes in Aggregate Supply/Aggregate Demand (ASAD)

Time: 20 mins,
Updated: October 22 2021,
Author: Council for Economic Education
Teacher Version

Objective

Students will be able to:

  • Determine how changes in AD/AS affect the price level and real GDP.

Standards

National Standards in Economics

State Standards

Concepts

Aggregate Demand, Aggregate Supply

In this economic activity, students will identify how changes in AD/AS affect the price level and real (GDP).

Resources

Procedure

This activity is an individual activity where students review the effect that aggregate demand and aggregate supply have on the price level and Real GDP. To complete this activity, students should follow the instructions below:

  1. Choose to either read through each illustration in the ASAD Changes Review or complete the ReadyAssessments Activity to determine if the price level and real GDP will increase, decrease, or stay the same.
  2. Find the answers here.
Subjects: