Question: please help me answer this question, thank you so much! Outline the major underlying difference(s) between the two models(Aggregate demand aggregate supply model and aggregate

please help me answer this question, thank you so much!

Outline the major underlying difference(s) between the two models(Aggregate demand aggregate supply model and aggregate expenditure model).

Briefly discuss and illustrate how thedifference(s) in the model assumptions impact the degreeof the potential impact on the economy. Use the AD-AS Model and provideONEdiagram to illustrate the potential difference in outcomes depending on the assumptions made. (Hint - consider the assumptions underlying the AE model - what SRAS curve reflects this?)

please help me answer this question, thank you so much! Outline the

major underlying difference(s) between the two models(Aggregate demand aggregate supply model and

Price Level LRAS SRAS - D E AD ADJ Real GDP ( output)AE 1 A EL - - - AE2 Aggregate Expenditure. AE 2 72 71 Real GDP

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