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consider the macroeconomic AD-AS model with an aggregate demand curve and a short-run aggregate supply curve....

consider the macroeconomic AD-AS model with an aggregate demand curve and a short-run aggregate supply curve. assume that changes in national output also represent changes in real GDP.

a. use the AD-AS model to explain and illustrates the differences between demand-side measures and supply-side measures and give an example of each. you also need to mention which markets are embedded within each curve.

b. use the AD-AS model to analyse and illustrate the short run impact of an increase in energy prices on GDP, inflation and employment. what type of inflation is this.

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