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Conventional aggregate demand curve on a graph

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    Assignment Help >> Business Management

    Draw a conventional aggregate demand curve on a graph. Then add three different aggregate supply curves, labeled

    AS1: Horizontal curve

    AS2: Upward-sloping curve

    AS3: Vertical curve

    all intersecting the AD curve at the same point.

    Please explain a conventional aggregate demand curve, and what the three aggregate supply curves mean economically.

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