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In: Economics

a. use the AD-AS model to explain and illustrates the differences between demand-side measures and supply-side...

a. use the AD-AS model to explain and illustrates the differences between demand-side measures and supply-side measures and give an example of each. you also need to mention which markets are embedded within each curve.

b. use the AD-AS model to analyse and illustrate the short run impact of an increase in energy prices on GDP, inflation and employment. what type of inflation is this.

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Expert Solution

Rahul Sunny answered 1 year ago
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