Short-run Aggregate Supply (SRAS)

In this video we define the "short-run" in macroeconomics, define short-run aggregate supply, and learn the factors that can cause a shift in a country's SRAS curve.

[meredithgrace]

My textbook had so much information that was hard to sort through. These videos have very simply explained everything, and have helped me understand them better and be able to prepare for my test. Thank you!

[murilogomes]

Your videos are always very helpful and full of clear explanations!

[taheramohammadi]

I really love they way you teach. It is excellent.

[ollyunwin]

i love you so much. a level in 3 weeks and this is amazing

[Ale-olmd]

thank you for your great explanation!!

[sudeepsingh]

you are assuming wages to be constant in the short run, then how come it is changing to cause a shift in sras

[quarantinelifegaming]

Hello sir,
I just had a question,
Why does the price level increase from PL1 to PL2 in the first place if the resource prices remain fixed in the short run?
Thank you.

[mohammedalnafjan]

Thank you for these amazing videos. I just wanna ask, are imports included in the SRAS? If the exchange rate increases (stronger dollar), imports will increase because it will be cheaper ==> SRAS increases due to imports increase. Is this correct?
What confuses me is that if imports increase, local supply should decrease, so it would make more sense that a stronger dollar means lower SRAS (in the video you said that a higher ER ==> higher SRAS !). Care to explain?

Thanks

[petermaule]

Can you identify a currency by the changes in posted value to your credit card statement?

[Binbonbunn]

the SR indicates the fixed wage period. How come a change in wage rate is considered a factor that influences the SRAS

[wasimasadia]

If exchange rate increases, dollar becomes expensive, then wouldn’t the foreign goods/ imports become costly?