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If an economist needs to use a model that collectively reflects the interconnections and the entire market supply and demand relationships, which model is the best to use? a.The general equilibrium model.
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If an economist needs to use a model that collectively reflects the interconnections and the entire market supply and demand relationships, which model is the best to use? a.The general equilibrium model. b.The cyclical unemployment model. c.The AD-AS model

User Alexei Shcherbakov
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Answer:

AD-AS model

Step-by-step explanation:

AD-AS model is a model that explains the relationship between output and price level through demand-supply and input supply. it is a model that is incorporated to find out national income and any transition in the level of price.

AD-AS model can be used to present the gradual shift of aggregate supply. it is considered as fundamental too that help to present the factors like low inflation, goal, growth, etc under one single diagram.

User Martin Hennings
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