Distinguish between short-run and long-run aggregate supply, Econometrics

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Distinguish between short-run and long-run aggregate supply

1. Explain the composition of aggregate demand. Explain under what circumstances the aggregate demand curve might shift

(a) to the right

(b) to the left.

2. Distinguish between short-run and long-run aggregate supply and discuss the import-ance of this distinction for macroeconomic policy.

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Econometrics: Distinguish between short-run and long-run aggregate supply

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Econometrics: Distinguish between short-run and long-run aggregate supply

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