Assignment:
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:
•"Is it Better for a Country to Have a Trade Surplus Rather than a Trade Deficit?"
"Please Explain the Model of Aggregate Demand and Aggregate Supply.