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Conventional aggregate demand curve on a graph

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Reference no: EM132336319

Draw a conventional aggregate demand curve on a graph. Then add three different aggregate supply curves, labeled

AS1: Horizontal curve

AS2: Upward-sloping curve

AS3: Vertical curve

all intersecting the AD curve at the same point.

Please explain a conventional aggregate demand curve, and what the three aggregate supply curves mean economically.

Reference no: EM132336319

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