Thinking back to the business cycle discussion, how would Keynesian economists explain the performance
Question # 00561937
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Updated on: 07/17/2017 11:12 PM Due on: 07/26/2017
Thinking back to the business cycle discussion, how would Keynesian economists explain the performance of the economy during the last few years? Show graphically using the AD/AS model, and explain your reasoning.
Next, how would neoclassical economists explain the performance of the economy during the last few years? Show graphically using the AD/AS model, and explain your reasoning.
Which interpretation makes the most sense to you? Why?
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Solution: Thinking back to the business cycle discussion, how would Keynesian economists explain the performance