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Line 22: In the standard [[AD-AS model\|aggregate supply-aggregate demand model]], real output (Y) is plotted on the horizontal axis and the price level (P) on the vertical axis. The levels of output and the price level are determined by the intersection of the aggregate supply curve with the downward-sloping [[aggregate demand]] curve. ~~Homer simpsons the boss of LRAS~~ == See also ==

Aggregate supply: Difference between revisions