Question: 1. Draw an Aggregate Supply-Aggregate Demand (AS-AD) model. Label each of the curves, the initial equilibrium, inflation, and output. 2. The equation for AD is

1. Draw an Aggregate Supply-Aggregate Demand (AS-AD) model. Label each of the curves, the initial equilibrium, inflation, and output. 2. The equation for AD is 3. The equation for SRAS is

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