Introduction to Aggregate Supply
Students will define aggregate supply in the short and long run, identifying factors that influence production capacity.
Key Questions
- Explain the difference between the short-run and long-run aggregate supply curves.
- Analyze how changes in resource prices or technology affect the aggregate supply curve.
- Differentiate between factors that shift short-run aggregate supply versus long-run aggregate supply.
Ontario Curriculum Expectations
Suggested Methodologies
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