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Short & long run macroeconomic equilibrium

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Intro to short-run and long-run macroeconomic equilibrium

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

• Selected

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