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  3. ZuAI AP College Board Macroeconomics
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Equilibrium in Aggregate Demand-Aggregate Supply (AD-AS) Model

Ava Garcia

Ava Garcia

6 min read

Next Topic - Changes in the AD-AS Model in the Short Run
Study Guide Overview

This study guide covers the Aggregate Demand-Aggregate Supply (AD-AS) model, focusing on short-run and long-run equilibrium. It explains inflationary and recessionary gaps, including their characteristics and graphical representations. The guide also touches on policy options for correcting these gaps and provides practice questions and exam tips.

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Previous Topic - Long-Run Aggregate Supply (LRAS)Next Topic - Changes in the AD-AS Model in the Short Run

Question 1 of 11

Where does the magic happen in the short-run AD-AS model, where quantity of aggregate demand equals the quantity of aggregate supply? 📈

The intersection of AD and LRAS

The intersection of SRAS and LRAS

The intersection of AD and SRAS

Where the LRAS is at its maximum