Description of this paper

aggregate-demand / aggregate-supply model




Create a realistic scenario that illustrates the aggregate-demand / aggregate-supply model. In your scenario, you should identify changes in specific variables that cause each curve to shift.;Choose ONE of the statements below and discuss the impact on output and prices using the AD-AS model.;?In 2012, the unemployment rate will not fall significantly.?;?The slump in the housing prices, coupled with tighter lending standards, will make the economic recovery slow and painful.?;?Increasing budget deficits will make the economic recovery uncertain and will hamper future economic growth.?;Reply Quote


Paper#15361 | Written in 18-Jul-2015

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