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Macro 3.3- Long- Run Aggregate Supply
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Business, Life Skills
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11th Grade - University
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Hard
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Mr. Clifford from ACDCecon explains aggregate demand and supply, focusing on inflationary and recessionary gaps. He discusses how wage adjustments affect aggregate supply in the long run. The video contrasts classical and Keynesian economic theories, highlighting their approaches to handling economic gaps and market interventions.
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