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What are the importance of the as-ad model in explaining

What are the importance of the AS-AD model in explaining the macroeconomic conditions of the economy and business cycles like recessions.

What factors shift AS and AD curves? How do you explain macroeconomic fluctuations using AS-AD model and AS/AD curves?

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Business Management: What are the importance of the as-ad model in explaining

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Business Management: What are the importance of the as-ad model in explaining

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