Macro 3.1 AD, AS, and LRAS (Additional Version)

Mr. Clifford's explanation of aggregate demand, aggregate supply, and long run aggregate supply. Keep in mind that the "long run" is not a specific amount of time. The long run refers to enough time for resource prices (like wages) to adjust when there is a change in price level. These video lessons arenot designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community
AP Econ Macro Micro Macroeconomics Aggregate Demand Supply AD AS Long Run LRAS Key Concepts Mr. Clifford San Pasqual High School ACDC Leadership
































