Concept
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Created by Boundless
Reasons for and Consequences of Shift in Aggregate Demand
![AS-AD Model](../../../../../../../../../figures.boundless-cdn.com/20982/full/368px-as-2b-ad-graph.jpg.jpg)
AS-AD Model
The Aggregate Supply-Aggregate Demand Model shows how equilibrium is determined by supply and demand. It shows how increases and decreases in output and prices impact the economy in the short-run and long-run. The model is also used to show real and potential output.
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