The primary goal of the AD-AS model is to show how changes in economic events and policies can result in changes in:
A) the price level.
B) the output level.
C) the price level and the output level.
D) the money supply level.

Question

Quizplus · Accepted Answer

The AD-AS (Aggregate Demand-Aggregate Supply) model's primary goal is to illustrate how various economic events and policies can impact both the price level and the output level in an economy.

The Primary Goal of the AD-AS Model Is to Show