http://www.economicshelp.org/blog/as-questions/ad-as-diagrams/ Economics Blog - current events and economics essays Thu, 18 Mar 2010 19:46:30 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.economicshelp.org/blog/as-questions/ad-as-diagrams/comment-page-1/#comment-5372 tejvan Wed, 20 Jan 2010 19:23:10 +0000 http://www.economicshelp.org/blog/?p=486#comment-5372 The classical view of the LRAS is certainly inelastic. This shows a Keynesian view of LRAS which is inelastic at full capacity but also has areas of spare capacity. The classical view of the LRAS is certainly inelastic. This shows a Keynesian view of LRAS which is inelastic at full capacity but also has areas of spare capacity.

]]> http://www.economicshelp.org/blog/as-questions/ad-as-diagrams/comment-page-1/#comment-5369 dabid faruk Wed, 20 Jan 2010 10:29:15 +0000 http://www.economicshelp.org/blog/?p=486#comment-5369 isn't the LRAS a vertical line as the output number doesn't change with the price. isn’t the LRAS a vertical line as the output number doesn’t change with the price.

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