Which of the following is a major difference between the AD-AS model and the dynamic AD-AS...
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Which of the following is a major difference between the AD-AS model and the dynamic AD-AS model? The dynamic AD-AS model assumes OA. the economy does not experience long-run growth, while the AD-AS model assumes there is constant inflation in the economy. OB. AD only includes consumption, investment, and government purchases, while the AD-AS model assumes AD includes consumption, investment, government purchases and net exports. OC. the SRAS is stable and will not shift, while the AD-AS model assumes the SRAS can only change with an exogenous event such as oil price changes. OD. potential GDP increases continually, while the AD-AS model assumes the LRAS does not change. Which of the following is a major difference between the AD-AS model and the dynamic AD-AS model? The dynamic AD-AS model assumes OA. the economy does not experience long-run growth, while the AD-AS model assumes there is constant inflation in the economy. OB. AD only includes consumption, investment, and government purchases, while the AD-AS model assumes AD includes consumption, investment, government purchases and net exports. OC. the SRAS is stable and will not shift, while the AD-AS model assumes the SRAS can only change with an exogenous event such as oil price changes. OD. potential GDP increases continually, while the AD-AS model assumes the LRAS does not change.
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Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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