Question: 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

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!

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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 full answer

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