In what sense is the classical theory of aggregate supply fundamentally incompatible with the Keynesian system?

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In what sense is the classical theory of aggregate supply "fundamentally incompatible" with the Keynesian system?

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Macroeconomics Theories and Policies

ISBN: 978-0132831529

10th edition

Authors: Richard T. Froyen

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Question Posted: May 24, 2016 06:44 AM

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In what sense is the classical theory of aggregate supply fundamentally incompatible with the Keynesian system?

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A necessary condition for a model to be a Keynesian model is that aggregate d...View the full answer

Macroeconomics Theories and Policies

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