Economics
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Boundless Economics
Aggregate Demand and Supply
The Aggregate Demand-Supply Model
Economics Textbooks Boundless Economics Aggregate Demand and Supply The Aggregate Demand-Supply Model
Economics Textbooks Boundless Economics Aggregate Demand and Supply
Economics Textbooks Boundless Economics
Economics Textbooks
Economics
Concept Version 5
Created by Boundless

Reasons for and Consequences of Shift in Aggregate Demand

AS-AD Model

AS-AD Model

The Aggregate Supply-Aggregate Demand Model shows how equilibrium is determined by supply and demand. It shows how increases and decreases in output and prices impact the economy in the short-run and long-run. The model is also used to show real and potential output.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "AS AD graph."
    http://en.wikipedia.org/wiki/File:AS_+_AD_graph.svg Wikipedia CC BY-SA.

Related Terms

  • aggregate demand
  • Supply curve
  • output
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