Tuesday, December 15, 2015

Reading guide due Wed. 12/16-Last one of the week!

1.  What is the short run aggregate supply (SRAS) curve upward sloping?
2.  What does short run equilibrium tell us? 
3.Create a chart just as your did for AD identifying each factor affecting SRAS, defining each, and illustrating how a change in each factor would cause an increase or decrease in SRAS. 


Be prepared for a test on this economic model including AD, LRAS, and SRAS on Thursday or Friday.  No notes.

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