View Set
1/8
AP Econ Graph Shifters
Supply shifters
-Price/availability of resources -Number of sellers -Change in technology -Gov action -Opportunity cost of alternative production -Expectations for future profit
Demand shifters
-Tastes and preferences -Number of consumers -Price of related goods -Income -Future expectations
Short-range agg. supply shifters
-Inflation expectations -Change in resource prices/availability -Gov actions (NOT gov spending) -Change in productivity
Aggregate demand shifters
-Consumer spending -Investment spending -Gov spending -Change in net exports
Short-range Phillips Curve shifters
-Aggregate supply -Price of foreign goods
Money demand shifters
-Price level -Income -Taxes that affect investment
Loanable funds supply shifters
-Private savings behavior -Public savings -Foreign investments -Expected profit
Loanable funds demand shifters
-Expected business opportunities -Gov spending