Equilibrium in the AD/ AS model (Unit 2)
- Created by: Jake Da Floatilla Bird
- Created on: 16-04-13 19:28
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Aggregate Demand: is the total planned expenditure within an economy over a period of time
Aggregate Supply: is the total planned ouput of goods and services within an economy over a period of time
- Macro economic equillibrium occurs where the AD curve and LRAS…
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