Long-Run Self-Adjustment- Macro Topic 3.7
Автор: Jacob Clifford
Загружено: 2021-02-14
Просмотров: 168168
Описание:
Hey econ students! In this video I expain how the economy can self-adjust in the long-run. Notice that the short-run aggregate supply is shifting when the economy self-adjusts. Also notice that the reason for the shift is a change in wages and resource prices. When there is a positive output gap, ages and resources prices eventually increase and when there is a negative outpit gap wages and resource prices eventually decrease. Thanks for watching.
Ultimate Review Packet: https://www.ultimatereviewpacket.com/...
The answers to the practice questions at the end of the video are in the first comment below ↓
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