Concept
Version 6
Created by Boundless
Graphing Equilibrium
![AD-AS Model](../../../../../../../../../figures.boundless-cdn.com/20832/raw/as-2b-ad-graph.jpg)
AD-AS Model
This graph shows the AD-AS model where P is the average price level and Y* is the aggregate quantity demanded. The model is used to show how increases in aggregate demand leads to increases in prices (inflation) and in output.
Source
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