Macro: Unit 2.3 -- Long-Run Aggregate Supply

Hey Everyone! I'm Mr. Willis, and You Will Love Economics!

In this video, I will:
- Define long-run aggregate supply
- Explain the factors that contribute to the constant relationship between price level and
real GDP output supplied
- Identify the 4 components of long-run aggregate supply and discuss how several factors
can influence long-run aggregate supply
- Demonstrate how changes in the LRAS curve correlate to changes on a PPC


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