Long-run Aggregate Supply And the Production Possibilities Curve

What happens in the long run when there is time for firms to enter and leave a market in perfect competition? 

Similar to the value of reading a table of contents before delving into a complex textbook, check out this video introduction to a unit of economic concepts, including aggregate demand and supply and fiscal policy.

What happens to price, quantity, and GDP on a graph when the aggregate demand and aggregate supply curves shift? Economics instructor Mr. Clifford provides another great instructional video for macroeconomics students, covering such...

In less than three minutes, introduce your young economists to the short-run aggregate supply curve, illustrating the production of all goods in the country. The video discusses what can shift the curve on the graph to the...

Bring the intricacies of the Aggregate Demand-Aggregate Supply Model (AD-AS) to life in this detailed - yet understandable - presentation. Viewers will appreciate the clear explanations and graphs as they begin their adventure through...

Video lecture explores why aggregate supply may not be influenced by prices in the long-run. [4:35]

This article explains how the concepts of supply and demand can be applied to the economy as a whole. Includes examples of an aggregate demand curve and an aggregate supply curve, and review questions at the end.

In this lesson summary review and remind yourself of the key terms and graphs related to the long-run aggregate supply curve and its relationship to the stock of resources, technology, and the natural rate of unemployment.

Practice what you've learned about why long-run aggregate supply curve (LRAS) is vertical, and the relationship between LRAS and the stock of resources, technology, and the natural rate of unemployment in this exercise.

Use as a supplimental material or to compliment a full unit on Aggregate Supply. This presentation was originally intended to accompany the McGraw-Hill/Irwin, 2002 Economics text, but could be used with any similar lesson.