45 AS Shifters

This video explores the factors that influence aggregate supply in both the short run and the long run. We will delve into how changes in production costs affect short-run aggregate supply and how the economy's overall productive capacity determines long-run aggregate supply. You'll learn about key shifters for both, including labor costs, energy prices, technology, and infrastructure. Understanding these shifts is crucial for comprehending macroeconomic adjustments. Visit AxiomTutoring.com and subscribe to @AxiomTutoringCourses.