Tag: Aggregate

  • The Aggregate Demand-Aggregate Supply (AD-AS) Model: What You Need to Know

    The Aggregate Demand-Aggregate Supply (AD-AS) model is a fundamental concept in macroeconomics. It provides a framework to understand price level and real output by exploring the relationship between aggregate demand (AD) and aggregate supply (AS). When AD increases, AS decreases, and vice versa. As an economics student, mastering this model is essential for understanding how…