Well done sir , l enjoy your videos, however l am interested as to why you did not talk about shifting LRAS outwards?. Surely thats the aim to improve the productive potential of an economy in a sustainable way. I understand SRAS shifting outwards especially as market based policies take effect. However l was of the opinion that the main aim of an economy pursuing supply side policies are seeking sustainable ways to increase the productive potential and as a result shift LRAS outwards. Unless of course they are operating nowhere near full employment.
Mr. brad aftr the demand shock why nt is the equilibrium at whr AD2 intrscts LRAS. Instead u said it is whr AD2 and SRAS meets. wht is d criterion for equilibrium. Is it whethr AD meets LRAS or AD meets SRAS. Plz reply to oblige. thank u
Well done sir , l enjoy your videos, however l am interested as to why you did not talk about shifting LRAS outwards?. Surely thats the aim to improve the productive potential of an economy in a sustainable way. I understand SRAS shifting outwards especially as market based policies take effect. However l was of the opinion that the main aim of an economy pursuing supply side policies are seeking sustainable ways to increase the productive potential and as a result shift LRAS outwards. Unless of course they are operating nowhere near full employment.
Great content Brad!
Thank you, I really appreciate it! Especially coming from you!
Your videos are awesome, KEEP IT UP
Hey, thanks Yazan! I appreciate the positive vibe. Good luck and enjoy the rest of the series!
Mr. brad aftr the demand shock why nt is the equilibrium at whr AD2 intrscts LRAS. Instead u said it is whr AD2 and SRAS meets. wht is d criterion for equilibrium. Is it whethr AD meets LRAS or AD meets SRAS. Plz reply to oblige. thank u
Thank you
+Ben Sassoon You're welcome! Good luck in your studies! Econ is super cool. Keep working!