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The principal goal of the aggregate demand and aggregate supply model is to explain the

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The principal goal of the aggregate demand and aggregate supply model is to explain the

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Equilibrium is where demand curve equals supply curve.

And At equilibrium condition, the satisfaction is maximum.

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