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13:11
YouTube
Jason Welker
Short-run Equilibrium in the AD-AS Model
A country's economy at any given time can be either "too hot" (inflationary gap), "too cold" (recessionary gap), or "just right" (producing at full employment). In this video we examine the different levels of short-run equilibrium national output an economy can achieve in the AD-AS model. http://econclassroom.com
42.5K views
Jul 31, 2018
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