Discuss short-run aggregate supply in relation to the long run and create a metaphor, simile, or very short (2-3 sentences) story to illustrate shifts in the aggregate supply curve. Determine whether you believe your savings habits would change if you had (or made) more money. Discuss the implications of your response to patterns in consumer consumption. Bonus: Think about your own spending habits and discuss how the relation between income and consumption affects your life.
Short Run Aggregate Supply – Economics
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