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dynamic aggregate demand and aggregate supply model

What is the difference between aggregate demand and ... In the Keynesian framework, aggregate demand is the sum of consumption demand, investment demand, government demand for goods and services, plus net exports. Aggregate supply is simply total output -- gross domestic product – the total production of goods and services in the economy. Use the dynamic model of aggregate demand and aggregate ... 1. Use the dynamic model of aggregate demand and aggregate supply to illustrate and explain a situation where the economy is growing but experiencing inflation in the long run. Expansionary Monetary Policy and Aggregate Demand A rise in wages will shift the aggregate supply curve upwards, moving along the aggregate demand curve. This will cause prices to increase further, but real GDP (output) to fall. This will cause prices to increase further, but real GDP (output) to fall.    Read More

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