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Sprsml 9 The main difference between the AD-AS model and the IS-TR model is that Resultat: 0,00 av 1,00 Besvarelsen din: Okun's law is taken

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Sprsml 9 The main difference between the AD-AS model and the IS-TR model is that Resultat: 0,00 av 1,00 Besvarelsen din: Okun's law is taken into account in the AD-AS model. the demand side of the economy is more realistic in the AD-AS model. supply side mechanisms, and in particular wage and price formation, is explicitly accounted for in the AD-AS model the supply side of the economy is assumed exogenous in the AD-AS model

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