Resultado de búsqueda
long-run aggregate supply (LRAS) a curve that shows the relationship between price level and real GDP that would be supplied if all prices, including nominal wages, were fully flexible; price can change along the LRAS, but output cannot because that output reflects the full employment output.
29 de abr. de 2024 · LRAS is the output level an economy can produce with all factors fully flexible and full employment. Learn how LRAS is affected by factors like labor, natural resource, human resource, and technological development, and how it differs from short-run aggregate supply.
Learn how real GDP is not dependent on prices in the long run, and how factors such as population growth, technological improvements, or war can shift aggregate supply over time. Watch a video and see examples, questions, and tips from Sal Khan.
Learn how the economy adjusts to changes in aggregate demand and supply in the long run and the short run. The long-run aggregate supply curve is vertical at potential output, while the short-run aggregate supply curve slopes upward and may shift.
Aggregate supply is the total quantity of output firms will produce and sell—in other words, the real GDP. The upward-sloping aggregate supply curve —also known as the short run aggregate supply curve —shows the positive relationship between price level and real GDP in the short run.
17 de jul. de 2023 · Long-Run Aggregate Supply. The long-run aggregate supply (LRAS) curve relates the level of output produced by firms to the price level in the long run. In Panel (b) of Figure 22.5, the long-run aggregate supply curve is a vertical line at the economy’s potential level of output.
2 de mar. de 2012 · Start practicing—and saving your progress—now: https://www.khanacademy.org/economics... Thinking about why aggregate supply may not be influenced by prices in the long-run Watch the...
