Youtor
Longrun Equilibrium in the ADAS Model
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=2eLEO4eMkbg
In our final video on equilibrium in the AD-AS model we'll look at what happens in the long-run following a negative and a positive output gap. When wages and other input costs have had time to fully adjust to the price level in the economy, output will return to its full employment level. • http://econclassroom.com
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