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AS-AD Model
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📈 Economics
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Scale Graph to Fit Data
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PNG ↓
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Y-axis label
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Shift Curves
AD Shift
SRAS Shift
LRAS Position (Yf)
Key Concepts
•
AD shifts right:
Higher government spending, money supply, or consumer confidence
•
SRAS shifts left:
Higher input costs (oil, wages)
•
LRAS:
Full-employment output, determined by resources and technology
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