Solved: Why was the as-ad model developed, Macroeconomics

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Why was the as-ad model developed

Question (a) Why was the AS/AD model developed, and what limitations of the S/D model did it overcome? (b) List a real world example that is not in the text that supports your response.

Fully discuss the theory underlying each model, and why the AS/AD model is the preferred way to measure the economy, or is it?

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Macroeconomics: Why was the as-ad model developed

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