5 Steps to a 5 AP Macroeconomics 2019

152 ❯ Step 4. Review the Knowledge You Need to Score High

LRAS

SRAS

Price

Level

GDPf Real GDP

AD 1

AD 0

GDP 0

PL 0

PL 1

Figure 11.6

MS MS

MD

Money

Nominal Interest %

Figure 11.7

LRAS

SRAS

Price

Level

AD 1

AD 0

GDPf GDPo Real GDP

PL 1

PL 0

Figure 11.8