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16 July, 11:31

The model of aggregate demand and aggregate supply explains the relationship between

a. the price and quantity of a particular good.

b. wages and employment.

c. real gdp and the price level.

d. unemployment and output.

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  1. 16 July, 13:47
    0
    I believe the correct answer is A. The model of aggregate demand and aggregate supply explains the relationship between the price and quantity of a particular good. It is a macroeconomic model explaining the correlation of the price with the output of goods.
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