Aggregate Supply (AS): Short-Run and Long-Run
Understanding the short-run and long-run aggregate supply curves and their determinants.
Key Questions
- Differentiate between the short-run and long-run aggregate supply curves.
- Explain the factors that cause the short-run aggregate supply curve to shift.
- Analyze the concept of full employment output (potential GDP) in the long run.
Common Core State Standards
Suggested Methodologies
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