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    AS/AD model

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    What are some measures of total ouput on the horizontal axis of the AS/AD model? Which measure do you think represents the most accurate picture of the output of an economy? why?

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    https://brainmass.com/economics/economic-growth/as-ad-model-17028

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    The AS/AD economic model relates the price level and real production that is used to analyze business cycles, gross domestic product, unemployment, inflation, stabilization policies, and related macroeconomic phenomena. The AS-AD modelcaptures the interaction between aggregate demand and short-run and long-run aggregate supply.
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    <br>http://www.amosweb.com/cgi-bin/gls.pl?fcd=dsp&key=AS-AD+model
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    <br>Some of the measures of total output on the horizontal axis of the AS/AD model can be productivity and real GDP, the real interest rate, savings, investment, the real ...

    Solution Summary

    AS/AD model is applied.

    $2.49

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