Page 48 - FINAL CFA SLIDES DECEMBER 2018 DAY 5

Session Unit 4:
16. Aggregate Output, Prices & Economic Growth, p.52

LOS 16.h: Explain causes of movements along and shifts in aggregate demand and supply curves., p. 62-64

1. Increase in consumers’ wealth : C

2. Business expectations : I
3. Consumer expectations of future income : I

4. High capacity utilization : I

5. Expansionary fiscal policy : C/I

6. Expansionary fiscal policy : C(t), G
7. Exchange rates : X-M

8. Global economic growth: X-M

SRAS
1. Labor productivity Movement

2. Input prices along AD/AS

3. Expectations of future output prices Curves? p.66
4. Taxes and government subsidies

5. Exchange rates

LRAS, p.65 - 66

1. Supply and quality of labor

2. Supply of natural resources
3. Stock of physical capital

4. Technology