Answer to Question #119694 in Macroeconomics for yasmine Khaledd

Question #119694
What is short run aggregate supply
1
Expert's answer
2020-06-03T10:29:33-0400

Short run aggregate supply shows total output when prices of commodities for instance wage rates change but the prices and productivity of factor inputs are held constant.

The short run aggregate supply curve shows the changes in total output in an economy as the price changes but holding all other determinants of real growth domestic product (GDP) constant.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS