Aggregate Demand and Supply and LRAS; Macroeconomics

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   • Aggregate Demand- Macro Topic 3.1 (Ol...  

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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