ATAR Notes: Forum

VCE Stuff => VCE Business Studies => VCE Subjects + Help => VCE Economics => Topic started by: zenith101 on May 13, 2018, 04:52:22 pm

Title: Examples of AD and AS factors
Post by: zenith101 on May 13, 2018, 04:52:22 pm

Does anyone know where i can find examples of AD and AS factors that have impacted the Australian economy in the past two years? And also, should i be aiming to know an example for each of the AD and AS components, for the exam? Thanks

Title: Re: Examples of AD and AS factors
Post by: Chelsea f.c. on May 18, 2018, 08:25:05 pm

Never did economics during vce but am majoring in economics at uni so I don't know the exact model your talking about... but for aggregate demand think of the end of the mining boom where the mining boom significantly increased demand for Australian products... and if where talking about ad-as model then aggregate supply focuses on expectations of inflation were we've currently been living in a low inflation environment (less than target range for some periods)...

Title: Re: Examples of AD and AS factors
Post by: Chelsea f.c. on May 18, 2018, 09:29:37 pm

A shift in supply curve could be the touted corporate tax cuts if they get through when I come to think of it