Showing posts with label Aggregate Supply. Show all posts
Showing posts with label Aggregate Supply. Show all posts

Thursday, January 27, 2011

Aggregate Supply

MK Diamond 158714 3-Inch Black Turbo Supreme Grade Core Bits For Hard Aggregate With Heavy SteelIn the short run, we're going to assume that factor prices remain constant (but later on, this can change, as we look at the long run)

The short run aggregate supply curve shows the amount which firms are willing to produce at any given price level.

Aggregate Supply is positively sloped!

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