SRAS vs LRAS Explained (Aggregate Supply Made Simple)

What’s the difference between the short-run aggregate supply (SRAS) curve and the long-run aggregate supply (LRAS) curve? In this video, we break down both curves, show you how they look on a graph, and explain the key differences in a simple, step-by-step way. Perfect for AP, IB, or introductory college economics students. This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.