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Macro 3.1 AD, AS, and LRAS (Additional Version)

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Published on Sep 7, 2010

Newer Video- https://www.youtube.com/watch?v=k_fBA...

This is an old video where I explain aggregate demand, aggregate supply, and long run aggregate supply. Keep in mind that the "long run" is not a specific amount of time. The long run refers to enough time for resource prices (like wages) to adjust when there is a change in price level. Thanks for watching. Please subscribe!

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Watch the next video in this series- Aggregate Supply
https://www.youtube.com/watch?v=UwAQR...

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