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"Interactive graph of the aggregate supply and demand model" icon

Interactive graph of the aggregate supply and demand model

The purpose of this interactive multimedia material is to enable students to learn and comprehend the cause-effect relationship in the full aggregate demand and supply (AD/AS) model and the observe the adjustment of the economy in the short and the long term. The program assumes that students are already familiar with the underlying concepts of the graphic representation of the AD/AS model. The tool also has a number of simple case studies that illustrate the capacity and limits of the model and explain certain real economic situations (both historical and recent).



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