QUESTION 1 The general level of prices in the economy, for example the consumer price index (CPI) and the GDP level, can

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QUESTION 1 The general level of prices in the economy, for example the consumer price index (CPI) and the GDP level, can

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QUESTION 1
The general level of prices in the economy, for example theconsumer price index (CPI) and the GDP level, can be analysed byusing the AD-AS model. Discuss your understanding of thisstatement, using a graph to illustrate it. [20]
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