Describe Two Ways in Which the Macro AS/AD Model Differs

question 60

Essay

Describe two ways in which the macro AS/AD model differs from the micro supply and demand model.

---

Definitions:

Legal Force

The effectiveness or binding power of a legal document, law, or regulation.

Injunction

A court order that either restrains a party from doing or compels a party to do a specific act.

Court Order

A directive issued by a judge or court that requires a party to take or refrain from taking a specific action.

State Trial Courts

Courts within individual U.S. states that have jurisdiction to hear cases involving state law and issues.