DAD Curve
The DAD (Dynamic aggregate demand) curve is in the long run a horizontal line called the EAD (Equilibrium aggregate Demand) curve. The short run DAD curve at flexible exchange rates is given by the equation:
The short run DAD curve at fixed exchange rates is given by the equation:
Read more about this topic: DAD-SAS Model
Famous quotes containing the words dad and/or curve:
“You know, he wanted to shoot the Royal Family, abolish marriage, and put everybody who’d been to public school in a chain gang. Yeah, he was a idealist, your dad was.”
—David Mercer, British screenwriter, and Karel Reisz. Mrs. Dell (Irene Handl)
“Nothing ever prepares a couple for having a baby, especially the first one. And even baby number two or three, the surprises and challenges, the cosmic curve balls, keep on coming. We can’t believe how much children change everything—the time we rise and the time we go to bed; the way we fight and the way we get along. Even when, and if, we make love.”
—Susan Lapinski (20th century)