3. Why is the Keynesian assumption of a perfectly elastic aggregate supply curve is not consistent with

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3. Why is the Keynesian assumption of a perfectly elastic aggregate supply curve is not consistent with the classical production function? Explain and illustrate graphically the derivation of the aggregate demand curve through the IS-LM model.

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Macroeconomics Theory And Policy

ISBN: 9780070091450

3rd Edition

Authors: D.N. Dwivedi

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Question Posted: Nov 07, 2024 04:01 AM

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3. Why is the Keynesian assumption of a perfectly elastic aggregate supply curve is not consistent with

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Macroeconomics Theory And Policy

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