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Key facts about economic fluctuations 1:17 A first picture of the model 7:36 How are the aggregate demand and supply curves different from regular demand and supply curves? 9:39 Why does AD slope downward? 13:34 The wealth effect 14:27 The interest rate effect 15:42 The net export effect 16:48 What causes the AD curve to shift? 18:45 Shifts from changes in consumption 19:45 Shifts from changes in investment 21:23 Shifts from taxes 22:19 Shifts from changes in the money supply 23:02 Shifts from changes in government spending 23:28 Shifts from changes in net exports 24:07 The long-run aggregate supply curve 25:35 Why is it vertical? 26:34 What causes LRAS to shift? 29:04 Using the model to explain long-run growth and inflation 32:10 The short-run aggregate supply curve 35:01 Sticky wage theory 36:40 Sticky price theory 38:43 misperceptions theory 40:05 Things that shift SRAS 47:03 Expected price level vs. actual price level 49:27 Using the AD AS model 54:40 Long-run equilibrium 56:15 A decrease in aggregate demand 59.55 Historical examples of decreases in AD 1:15:45 A second example: an increase in AD 1:22:12 A shift in aggregate supply 1:26:53 Stagflation 1:30:07 Analyzing the pandemic with the AD AS model 1:37:35