Ch 40: MTEL Business: Aggregate Supply & Demand in Macroeconomics

About This Chapter

Extensive knowledge of aggregate supply and demand in macroeconomics is generally required by a business teacher. Prepare to successfully answer related questions on the MTEL Business examination by studying this chapter's animated lessons.

MTEL Business: Aggregate Supply and Demand in Macroeconomics - Chapter Summary

Refresh your memory of macroeconomics terms and definitions before the MTEL Business examination. Absorbing this chapter's lessons on aggregate supply and demand helps you understand important elements of macroeconomics, such as the determinants that affect aggregate supply and the factors that contribute to shifts in the short-run aggregate supply. You can learn about the causes and effects of a favorable supply shock and the characteristics of consumer, traded, capital and public goods. Completing this chapter will help you to:

  • Examine the aggregate demand and aggregate supply models
  • Discuss the seven elements that influence aggregate supply
  • Define aggregate supply in the short run
  • Describe two kinds of supply shocks

If you're going to take the MTEL Business examination soon, you can benefit from these video lessons on aggregate supply and demand. Your mobile device or wired computer is all you need to access the self-paced lessons. Learn from experienced teachers who want to help you succeed. The chapter includes animated video lessons, quizzes and text transcripts.

MTEL Business: Aggregate Supply and Demand in Macroeconomics Chapter Objectives

Macroeconomics and aggregate supply and demand are covered in the Economics subarea of the MTEL Business examination. Showcase what you've learned through this chapter's video lessons while in pursuit of a teaching license in Massachusetts. With 13-15 multiple-choice questions, Subarea III's Economics section is worth 11% of the entire test score.

The whole exam includes seven subareas, which include 100 multiple-choice questions and two open-response assignments. The computer-based examination has a four-hour time limit. The minimum passing score is 240.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the MTEL Business (19): Practice & Study Guide course