Can you please help me?

Explain the difference between:

• Short-runandlong-runaggregate demand
• Short-runandlong-runaggregate supply

Reviewthefollowingwebpageson WhiteNova-ThinkEconomics (https://www.whitenova.com/thinkEconomics/) thatexplain andvisually display the concepts:

• MarketEquilibriumintheLongRun (https://www.whitenova.com/thinkEconomics/lrme.html)
• TheAggregateDemandandAggregate SupplyModel (https://www.whitenova.com/thinkEconomics/adas.html)

Compareandcontrast aggregatedemandandaggregatesupplyintermsof creatingshort-run and long-run equilibrium. Useillustrations,if needed, to make your explanation clearer.

Please attach link if you have any references. Thanks!

Answer rating: 100% (QA)

Shortrun Aggregate Demand AD vs Longrun Aggregate Demand Shortrun Aggregate Demand AD This represents the total demand for goods and services in an economy over a relatively short period usually withi... View the full answer