Macroeconomics activity and demand/Self adjustment

Kahn Academy Video's about aggregate supply.

Watch these Kahn Academy video's on Youtube. The first discusses different long-run aggregate supply; the second looks at short-run aggregate supply.

Long-Run Aggregate Supply

Short-Run Aggregate Supply

Consider the following questions:

• Can you summarize the differences between long and short-term aggregate supply?
• What are the overlaps?
• Do you see any shortcomings in either way of looking at aggregate supply?

Having viewed this short video signpost, please address at least one of these questions on WENotes below.