Start your students off right by building their comprehension of long-run aggregate supply with this engaging and multi-faceted activity!
This activity includes:
1) This "Long-Run Aggregate Supply" Activity includes 3 parts. It begins with a colorful graphic organizer that asks your students to define long-run aggregate supply and explain the factors that contribute to the constant relationship between price level and real GDP output supplied. Next, students will use data provided to calculate the change in real profits as price level changes in the long-run, leading to an vertically-sloped LRAS curve. Next, students will be asked to identify the 4 components of long-run aggregate supply and will critically think as to how several factors can influence long-run aggregate supply. Finally, students will use their knowledge and a collection of data provided to analyze changes in the components of long-run aggregate supply, predict the effects of those changes, and then graph the changes on an aggregate supply graph. The same change will be graphed on a production possibilities curve graph for the same economy to show how changes in the LRAS curve correlate to changes on a PPC.
This activity can be used in many different ways in the classroom. Students can work independently, in pairs, or this activity can be used as a jigsaw in order to facilitate a class-wide discussion about the topics discussed in the activity.
2) A detailed answer key to the lesson activity to save you time and help guide student comprehension.
This activity can also be found in a bundle paired with a PowerPoint, Keynote and PDF version of a fully customizable lecture found here:
If you like this activity, check out our Unit Activity Bundle that includes activities for all of the objectives in this unit.
Best of all, this activity aligns to our "Unit 2.3 - Long-Run Aggregate Supply" video lecture, which can be found here:
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