Skammtímaframboð
Skammtímaframboð refers to the short-run aggregate supply in economics. It represents the total output of goods and services that firms are willing and able to produce at a given price level over a period of time when at least one input is fixed. In the short run, factors such as wages, the cost of raw materials, and some capital stock are considered sticky or inflexible, meaning they cannot be immediately adjusted to changes in economic conditions.
The short-run aggregate supply curve is typically upward sloping. This indicates that as the price level rises,
Factors that can cause a shift in the short-run aggregate supply curve include changes in the cost