{"id":440,"date":"2015-05-05T03:55:32","date_gmt":"2015-05-05T03:55:32","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterymacro1xngcxmaster\/?post_type=chapter&#038;p=440"},"modified":"2018-05-09T15:03:02","modified_gmt":"2018-05-09T15:03:02","slug":"the-ad-as-model-and-economic-growth","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/chapter\/the-ad-as-model-and-economic-growth\/","title":{"raw":"Introduction to the AD\u2013AS Model and Economic Growth","rendered":"Introduction to the AD\u2013AS Model and Economic Growth"},"content":{"raw":"<h2>What you'll learn to do: illustrate economic growth, unemployment, and inflation using the AD-AS model<\/h2>\r\n<a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2015\/05\/06193120\/pexels-photo-343469.jpg\"><img class=\"aligncenter wp-image-7282\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2015\/05\/06193120\/pexels-photo-343469-300x201.jpg\" alt=\"walking across a street line\" width=\"521\" height=\"349\" \/><\/a>\r\n\r\nIn this section, we consider how the AD-AS model illustrates the three macroeconomic goals: economic growth, low unemployment, and low inflation.","rendered":"<h2>What you&#8217;ll learn to do: illustrate economic growth, unemployment, and inflation using the AD-AS model<\/h2>\n<p><a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2015\/05\/06193120\/pexels-photo-343469.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7282\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/2043\/2015\/05\/06193120\/pexels-photo-343469-300x201.jpg\" alt=\"walking across a street line\" width=\"521\" height=\"349\" \/><\/a><\/p>\n<p>In this section, we consider how the AD-AS model illustrates the three macroeconomic goals: economic growth, low unemployment, and low inflation.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-440\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Introduction to the ADu2013AS Model and Economic Growth. <strong>Provided by<\/strong>: Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Shared previously<\/div><ul class=\"citation-list\"><li>Feet crossing street. <strong>Authored by<\/strong>:  Steven Arenas. <strong>Provided by<\/strong>: Pexels. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/www.pexels.com\/photo\/action-adult-asphalt-blur-343469\/\">https:\/\/www.pexels.com\/photo\/action-adult-asphalt-blur-343469\/<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/about\/cc0\">CC0: No Rights Reserved<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":74,"menu_order":14,"template":"","meta":{"_candela_citation":"{\"1\":{\"type\":\"original\",\"description\":\"Introduction to the ADu2013AS Model and Economic Growth\",\"author\":\"\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},\"2\":{\"type\":\"cc\",\"description\":\"Feet crossing street\",\"author\":\" Steven Arenas\",\"organization\":\"Pexels\",\"url\":\"https:\/\/www.pexels.com\/photo\/action-adult-asphalt-blur-343469\/\",\"project\":\"\",\"license\":\"cc0\",\"license_terms\":\"\"}}","CANDELA_OUTCOMES_GUID":"588e1cc3-8909-4789-95ba-3b2839512e7b","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-440","chapter","type-chapter","status-publish","hentry"],"part":185,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/wp\/v2\/users\/74"}],"version-history":[{"count":23,"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/440\/revisions"}],"predecessor-version":[{"id":9839,"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/440\/revisions\/9839"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/parts\/185"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/440\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/wp\/v2\/media?parent=440"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapter-type?post=440"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/wp\/v2\/contributor?post=440"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/wp-json\/wp\/v2\/license?post=440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}