Business, 14.11.2019 05:31 gtrsoccer

Which of the following is a major difference between the ad-as model and the dynamic ad-as model? the dynamic ad-as model assumes
a. ad only includes consumption, investment, and government purchases, while the ad-as model assumes ad includes consumption, investment, government purchases and net exports.
b. the sras is stable and will not shift, while the ad-as model assumes the sras can only change with an exogenous event such as oil price changes.
c. the economy does not experience long-run growth, while the ad-as model assumes there is constant inflation in the economy.
d. potential gdp increases continually, while the ad-as model assumes the lras does not change.

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Which of the following is a major difference between the ad-as model and the dynamic ad-as model? t...

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