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From the Short Run to the Long Run: The Adjustment of Factor Prices (Macroeconomics, Chapter 9 Study Notes)

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Aggregate Demand

  • Percorso guidato
    AD-AS Model: Aggregate Demand
    02:56
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    Interest Rate Effect
    05:48
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    Wealth Effect
    02:47

Long Run Aggregate Supply

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    Long Run Aggregate Supply
    04:36
  • Percorso guidato
    Shifting Long Run Aggregate Supply
    04:35

Short Run Aggregate Supply

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    Short Run Aggregate Supply Slopes Upwards
    04:16
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    Short Run Aggregate Supply
    02:52

Shifting Short Run Aggregate Supply

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    Shifting Short Run Aggregate Supply
    03:03
  • Percorso guidato
    Factors Leading to Shifting Short Run Aggregate Supply
    05:32

AD-AS Model: Equilibrium in the Short Run and Long Run

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    Long Run Equilibrium in the AD-AS Model
    02:28
  • Percorso guidato
    Short Run Equilibrium in the AD-AS Model
    02:35

Expansionary and Contractionary Fiscal Policy

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    Contractionary Fiscal Policy
    03:48
  • Percorso guidato
    Expansionary Fiscal Policy
    05:24