{"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&p=440"},"modified":"2016-07-01T21:57:45","modified_gmt":"2016-07-01T21:57:45","slug":"the-ad-as-model-and-economic-growth","status":"web-only","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/chapter\/the-ad-as-model-and-economic-growth\/","title":{"raw":"Reading: The AS\u2013AD Model and Economic Growth","rendered":"Reading: The AS\u2013AD Model and Economic Growth"},"content":{"raw":"

The ASAD Model and Economic Growth<\/h2>\r\nThe AS\u2013AD model can convey a number of interlocking relationships between the three\u00a0macroeconomic goals of growth<\/em>, unemployment<\/em><\/a>, and\u00a0inflation<\/em><\/a>. Moreover, the AS\u2013AD framework is flexible enough to accommodate both the Keynes\u2019 law approach that focuses on aggregate demand and the short run, while also including the Say\u2019s law approach that focuses on aggregate supply and the long run. These advantages are considerable. Every model is a simplified version of the deeper reality and, in the context of the AS\u2013AD model, the three macroeconomic goals arise in ways that are sometimes indirect or incomplete. In this module, we consider how the AS\u2013AD model illustrates the three macroeconomic goals of economic growth, low unemployment, and low inflation.","rendered":"

The ASAD Model and Economic Growth<\/h2>\n

The AS\u2013AD model can convey a number of interlocking relationships between the three\u00a0macroeconomic goals of growth<\/em>, unemployment<\/em><\/a>, and\u00a0inflation<\/em><\/a>. Moreover, the AS\u2013AD framework is flexible enough to accommodate both the Keynes\u2019 law approach that focuses on aggregate demand and the short run, while also including the Say\u2019s law approach that focuses on aggregate supply and the long run. These advantages are considerable. Every model is a simplified version of the deeper reality and, in the context of the AS\u2013AD model, the three macroeconomic goals arise in ways that are sometimes indirect or incomplete. In this module, we consider how the AS\u2013AD model illustrates the three macroeconomic goals of economic growth, low unemployment, and low inflation.<\/p>\n\n\t\t\t

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Candela Citations<\/h3>\n\t\t\t\t\t
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