Multiple Choice
The aggregate demand-aggregate supply (AD-AS) model is
A) different from the IS-LM model because it does not show the long-run equilibrium.
B) equivalent to the IS-LM model but focuses on the relationship between price and output rather than the interest rate and output.
C) different from the IS-LM model because it does not show the short-run equilibrium.
D) equivalent to the IS-LM model but focuses on the relationship between the interest rate and output rather than price and output.
Correct Answer:
Verified
Correct Answer:
Verified
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