The globalized AS/AD model takes trade into account, while the standard AD/AS model does not.

Name: The globalized AS/AD model takes trade into account, while the standard AD/AS model does not.
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The globalized Aggregate Supply/Aggregate Demand (AS/AD) model incorporates international trade and its effects on domestic economies, unlike the standard AS/AD model which primarily focuses on the domestic economy without considering the impact of trade.

The Globalized AS/AD Model Takes Trade into Account, While the Standard