Fully describe the theory underlying each model

Reference no: EM1338383

Important information about AS/AD model

Question #4 (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?

Reference no: EM1338383

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