How can you use the ad aggregate demand curve and lras
How can you use the AD (aggregate demand) curve and LRAS (Long-run aggregate supply) curve to explain historical changes in GDP and changes in prices (both secular deflation and persistent inflation)?
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nominal gdp in year 1 is 1000 and in year 2 is 1010 the gdp deflator in year 1 is 100 and in year 2 is 105 population
how can you use the ad aggregate demand curve and lras long-run aggregate supply curve to explain historical changes in
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thenbspconsumer pricenbspindex cpi is used to calculate the rate of inflation and hence it measures the cost of living
journalaccording to the textbook the changes in the macroeconomic indicators affect the economic decisions of the 3
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