The Classical Aggregate Supply Curve

[@md.mamunurrashiddurlov8891]

very helpful video. Thank you sir. I am from Bangladesh🍂

[@gconomics3766]

Glad it was useful.

[@ShivamKumar-eu6fq]

Thanks for making me understand.. 🤗

[@gconomics3766]

No problem

[@joseinteriano4417]

great video, thank you for this!

[@gconomics3766]

Thanks.

[@muhammadzohaib9552]

I have a question that why our aggregate supply remains same? While The assumptions in the classical market is prices and wages and interest rate are flexible

[@muhammadzohaib9552]

I think because in classicals the invisible hand (supply and demand) adjust the market, if prices goes up then because of price changes automatically nominal wage or money wage changes to get equilibrium so at any price and wage output and employment remains the same.
May be due to another factor is that in classicals assumption there is a closed economy, no govt. intervention in the economy. So economy adjust itself and regain equilibrium point.
Guide me if my points are wrong. Thanks

[@nicoled9765]

So helpful, thank you!

[@gconomics3766]

Thanks, glad it was helpful.

[@hajarelyanaismail6158]

Great!! Thank you so much now I understand it well 😊.

[@gconomics3766]

Glad it helped!

[@simranara9081]

Thank you so much ...

[@gconomics3766]

You're most welcome