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Aggregate Supply and Demand

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Aggregate
Supply (AS) and Aggregate Demand (AD) model and AS/AD curves are
essential to understand macroeconomic fluctuations (business cycles).
Discuss
the importance AS-AD model in explaining the macroeconomic conditions
of the economy and business cycles like recessions.What factors shift AS and AD curves? How do you explain macroeconomic fluctuations using AS-AD model and AS/AD curves?

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