aggregate demand and supply , Microeconomics

using the aggregate demand and supply model (x axis is national output and y axis is price level)

if an economy is in a state of disequilibrium where supply is excess of demand using the model explain the process that the economy is likely to take in order to move to the equilibrium position where AS=AD
Posted Date: 4/17/2012 1:40:45 PM | Location : United States







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