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Intro to short-run and long-run macroeconomic equilibrium
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Intro to short-run and long-run macroeconomic equilibrium
8:26
About this lesson
Short Run Macroeconomic Equilibrium
- Intersection of AS and AD curve
- Real GDP demand = Real GDP supplied
- Price level above Equilibrium
- Price level below Equilibrium
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Video 1 of 4
Intro to short-run and long-run macroeconomic equilibrium
8 min
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How the economy adjusts to long-run macroeconomic equilibrium
10 min
How economic growth and inflation shift AD and LAS curves
6 min
Understanding output gaps: inflationary, recessionary, and full employment
6 min