Long-Run Equilibrium Online Module for Non-educators
Aggregate demand, short-run aggregate supply, and long-run aggregate supply come together in one of the most notable models in macroeconomics. This module will teach students how positive and negative demand shocks cause changes in real gross domestic product, price level, and unemployment in an economy. These changes can take an economy from equilibrium to disequilibrium, leading to a recession or an inflationary gap.
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