Mind map
The Long-Run Aggregate Supply Curve
Map content
The Long-Run Aggregate Supply Curve
Definition: relationship between aggregate price level and quantity of aggregate output supplied if prices were fully flexible
Main idea in long run is that it is flexible, not sticky
Both the work and the productivity of labor rise
Information
- Description
- 12th grade Government Mind Map on The Long-Run Aggregate Supply Curve, created by Alejandra Lopez on 23/04/2018.
- Created by
- Alejandra Lopez
- Views
- 0
- Rating