Johnson & Wales University Demand Aggregate Supply Model Discussion

User Generated

wraal1968

Economics

Johnson & Wales University

Description

Write 2-3 pages in MLA format, identifying periods of economic growth and recession using the AD/AS models. 

Explain how unemployment and inflation impact the AD/AS model.

Evaluate the importance of AD/AS models from a macroeconomic standpoint and analysis.  

Explanation & Answer:
2 pages
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Please view explanation and answer below.Hi :), I attached the answer to your question on time as promised along with an outline 😊. I am currently submitting the answer for your perusal, kindly go through it and confirm if it satisfies your requirements. Feel free to communicate if there are any changes to be made.

Surname 1
Student Name
Course
Instructor
Date
AD/AS Model
Macroeconomics is a fundamental branch of economics that focuses on the performance
of economies in relation to different factors such as inflation, unemployment, and balance of
payments, among others. Different macroeconomic tools are employed to ensure the above
objective is met, including the aggregate demand-aggregate supply model (AD-AS model). The
model is highly recommended because focusing on aggregate demand in the short run
accommodates and puts Keyne's law approach into perspective. Similarly, by focusing on
aggregate supply, in the long run, it employs Say's law approach. The model has conventionally
been used in identifying the interlocking relationships between the macroeconomic objectives of
low inflation and unemployment. It has also been used to showcase periods of economic growth
and times of recession when regions are plagued by inflation and unemployment. The essay will
examine the benefits of the AD/AS m...


Anonymous
Really helped me to better understand my coursework. Super recommended.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Similar Content

Related Tags