Tuesday, August 2, 2016
157. LRAS
In the long-run the aggregate supply curve is perfectly vertical, reflecting economists' belief that changes in aggregate demand only cause a temporary change in an economy's total output. The long-run aggregate supply curve can be shifted, when the factors of production change in quantity.
https://www.youtube.com/watch?v=8oQxzHgceBA
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment