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The text takes the following view of the relationship between an IS and an AIS:

User Kymo Wang
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Final answer:

The text is discussing the relationship between an IS (Income Statement) and an AIS (Accounting Information System).

Step-by-step explanation:

The text is discussing the relationship between an IS (Income Statement) and an AIS (Accounting Information System). The AD/AS model, which is a macroeconomic model, is not relevant to this question.

An IS is a financial statement that shows a company's revenues, expenses, and profits over a specific period of time. It provides information about a company's financial performance and helps in evaluating its profitability.

An AIS, on the other hand, is a system that collects, stores, and processes financial information to support decision making. It includes the software, hardware, procedures, and people involved in the accounting process.

User Mushtaq Ahmed
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