The Aggregate Supply-Aggregate Demand model (AS/AD for short) is designed for analyzing the short-run behaviour of a closed market.
The main attribute of such an economy is the subsequent cycle: result Y oscillates around its possible or full employment level Y*. If Y">>Y*, higher inflation is the result; if Y
The AS AD Model case study solution
PUBLICATION DATE: October 10, 2011 PRODUCT #: IES400-HCB-ENG
This is just an excerpt. This case is about GLOBAL BUSINESS
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