What happens in the long run when aggregate demand increases? Find out how wages, aggregate supply, and the long-run aggregate supply graph are affected by following along with this economics instructor in his instructional video.

Additional Tags

inflationary gap, recessionary gap, unemployment, keynesian economics, social studies

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Instructional Ideas

• Can also use resource to discuss Classical versus Keynesian economics and debate over letting wages fall, which is presented in Bonus Round portion of video

Classroom Considerations

• Presenter moves very quickly through material, so best used as a summary or flipped classroom resource

• This video is hosted on YouTube

Pros

• Explains how curves on LRAS graph shift according to increases/decreases in demand

Cons

• None

Common Core

RH.11-12.1 RH.11-12.2