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For this question (i)Identify the key differences between ADAS and ISLM models (ii)Explain how ADAS model falls short of adequately describing a modern economy (iii)Show

For this question

(i)Identify the key differences between ADAS and ISLM models

(ii)Explain how ADAS model falls short of adequately describing a modern economy

(iii)Show how you would capture trade dynamics in the ISLM model

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