Aggregate Supply and Aggregate Demand (AS-AD) Model

According to the author, an open-economy macroeconomics introduces the basic concepts and vocabulary associated with macroeconomics in an international setting: net exports, net capital outflow, real and nominal exchange rates, and purchasing-power parity.

In this Assignment, you will be practicing the Global awareness.

View the following videos before starting your Assignment:

·                   Chapter 18 “Is it Better for a Country to Have a Trade Surplus Rather than a Trade Deficit?”

Chapter 20 “Please Explain the Model of Aggregate Demand and Aggregate Supply.”