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4 Cards in this Set
- Front
- Back
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AD-AS Model
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The aggregate demand curve and the aggregate supply curve are used together to analyze economic fluctuations.
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Short-Run Macroeconomic Equilibrium
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The point at which the quantity of aggregate output supplied is equal to the quantity demanded
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Short- Run Equilibrium Price Level
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The Aggregate Price Level in the short run macroeconomic equilibrium
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Short Run Equilibrium Aggregate Output
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quantity of aggregate output produced in the short-term macroeconomic equilibrium.
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