Aggregate Supply and Demand

Anonymous
timer Asked: Dec 8th, 2015

Question description

Aggregate Supply (AS) and Aggregate Demand (AD) model and AS/AD curves are essential to understand macroeconomic fluctuations (business cycles).

  1. Discuss the importance AS-AD model in explaining the macroeconomic conditions of the economy and business cycles like recessions.
  2. What factors shift AS and AD curves? How do you explain macroeconomic fluctuations using AS-AD model and AS/AD curves?

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