Macro 3.1- Aggregate Demand Practice
In this video. I explain the most important graph in most introductory macroeconomics courses- the aggregate demand model. In this video I cover aggregate demand (AD), aggregate supply (AS), and the long run aggregate supply (
LRAS). Make sure that you feel comfortable drawing it and showing the economy at full employment, with a recessionary gap, and with an inflationary gap.
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Watch the next video in this series-
Aggregate Supply
https://www.youtube.com/watch?v=UwAQRnpVMzI
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