11. Explain what will happen to nominal GDP and real GDP if there is an increase in...

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11. Explain what will happen to nominal GDP and real GDP if there is an increase in aggregate demand according to

a) Keynesians (if the economy is below full employment)

b) Neoclassicists

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Principles Of Macroeconomics

ISBN: 9780226818399

8th Edition

Authors: Sayre, J.E.; Morris, A.J.

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