Aggregate Supply
2 flashcards · Economics · by Addaneye
When does the SRAS shift?
When there is a change in costs
When does the LRAS shift?
When there is a change in the productivity or quantity of the factors of production
2 flashcards · Economics · by Addaneye
When does the SRAS shift?
When there is a change in costs
When does the LRAS shift?
When there is a change in the productivity or quantity of the factors of production