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Aggregate Supply and Aggregate Demand Quiz
Aggregate Supply and Aggregate Demand Quiz
Quiz
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What does the aggregate supply-aggregate demand (AS-AD) model primarily explain?
A.
B. How real GDP (Y) and the price level (P) are determined and interact.
B.
A. How individual market prices and quantities are determined.
C.
D. The factors influencing international trade balances.
D.
C. The relationship between unemployment and inflation.
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