Aggregate demand (AD) and Aggregate Supply Hitherto, there are at least five competing theories (AS) curves, which aptly illustrates the inflation of the exchange rate concept, which may either be growth relationship. According to this model, in the classified as traditional or modern. The traditional short run, the (AS) curve is upward sloping rather theories are based on trade and financial
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WhatsAppGet PriceGet A QuoteAccording to the CBN, the committee observed changes in monetary aggregates and found that broad money supply increased by 7.10% in October, compared to 4.72% in September. It said this was driven by growth in net domestic assets by 9.12% in October, compared to 10.71% recorded in September.
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WhatsAppGet PriceGet A QuoteIn Fig. 4.3, aggregate demand curve is negative sloping while aggregate supply curve before the full employment stage is positive sloping and becomes vertical after the full employment stage is reached. AD 1 is the initial aggregate demand curve that intersects the aggregate supply curve AS at point E 1. The price level, thus, determined is OP 1.
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