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AD curve, SRAS, LRAS, shifts, macroeconomic equilibrium, and output gaps
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Master aggregate demand (AD) and its components, the wealth effect, interest rate effect, and exchange rate effect. Study short-run aggregate supply (SRAS), long-run aggregate supply (LRAS), shifts in AD and AS, macroeconomic equilibrium, recessionary and inflationary gaps, and self-correction.
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