Start your students off right by building their comprehension of aggregate supply with this engaging and multi-faceted activity!
This activity includes:
1) This "Short-Run Aggregate Supply" Activity includes 4 parts. It begins with a colorful graphic organizer that asks your students to define aggregate supply and explain the factors that contribute to the direct relationship between price level and real GDP output supplied. Next, students will use data and graphs provided to calculate the change in real GDP output supplied as price level changes, leading to an upward-sloping AS curve. Next, students will be asked to identify the 3 components of aggregate supply and will critically think as to how several factors can influence aggregate supply. Finally, students will use their knowledge and a collection of data provided to analyze changes in the components of aggregate supply, predict the effects of those changes, and then graph the changes on an aggregate supply graph provided.
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 2.2 - Short-Run Aggregate Supply" video lecture, which can be found here:
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