Lesson 4: Macroeconomic Equilibrium
Duration of Days: 6
Lesson Objective
Students will analyze short-run and long-run equilibrium and distinguish between actual and full-employment output.
What happens when AD and AS intersect?
How does the economy respond to gaps?
C3: D2.Eco.15.9-12 (Analyze economic fluctuations)
CCSS: WHST.11-12.1
DOK 4 – Extended Thinking
Students model recessions and inflationary gaps and analyze adjustment processes.
Guided graph sequences
Sentence starters for explanations
Real-world case studies
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Performance task analyzing an economic gap