Question: In the AS-AD framework, AD represents ______________________________. the current productive capacity of the economy based on the production function and the supply of the factors

In the AS-AD framework, AD represents ______________________________.

the current productive capacity of the economy based on the production function and the supply of the factors of production

C + I + G + X - Mat different price levels

the short-run productive capacity of the economy

inflation in the long run

none of the above

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