Monday, December 14, 2015

Reading Guide Due Tues. 12/15

1.  Identify the slope of the Long Run Aggregate Supply Curve
2.  What information does LRAS tell us?
3.  Illustrate an increase in LRAS.  What factors may cause this?
4.  Illustrate a decrease in LRAS.  What factors may cause this?
5.  What is meant by "Long Run Equilibrium"?


That is all :)

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