Explore BrainMass
Share

Explore BrainMass

    short-run and long-run aggregate supply

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    PLEASE GIVE FULL EXPLANATION

    1- distinguish between short-run and long-run aggregate supply. what is the short run?
    what assumption is critical to the development of the short run aggregate supply curve as distinct from the long run aggregate supply curve? Explain

    © BrainMass Inc. brainmass.com October 10, 2019, 1:00 am ad1c9bdddf
    https://brainmass.com/economics/price-levels/short-run-and-long-run-aggregate-supply-316957

    Solution Summary

    This solution distinguishes between short-run and long-run aggregate supply.

    $2.19