Respuesta :
The economy's production function is related to the Short-run aggregate supply curve.
The short-run aggregate supply is a curve representing the aggregate supply condition behaves depending on the lenght of time it has to react to a shock.
The short-run aggregate supply curve is representing the condition of The Factor Productivity (TFP), the capital and the laborforce of a country. The short-run aggregate supply could be formulized as:
Y = F (TFP, K, L)
The Long-run aggregate supply curve is related to the inflation, where both the short-run aggregate supply and the aggregate demand moves and make a new equilibrium point within the long-run aggregate supply curve. Unlike both short-run aggregate supply curve and aggregate demand curve, long-run aggregate supply curve forms a straight vertical line in the P-Real GDP matrix.
The aggregate demand is the total final demand of all goods and services in an economy. The aggregate demand curve may shift in the short-run and cause fluctuations in economy activity. The aggregate demand is defined by the relationship between private consumption, private investment, goverment expenditures and net-export.
Learn more about the short-run aggregate supply here: https://brainly.com/question/28260050?referrer=searchResults
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