Misperception and Short Run Aggregate Supply Curve of an Economy

This video explains the difference in the behaviour of the aggregate supply curve of an economy in the SR and LR. This video focuses on sticky price, sticky wage, and misperception/imperfect information as the main reasons of divergence of output of a country from its natural level.
#macroeconomics #SRAS #aggregatesupply #misperception #friedman
Suggested Reading- Mankiw, N.G. (2009), Macroeconomics (6th Ed), Worth Publishers.
Chapter -13