Question
1a. How do Classical Economists defend their assertion of a vertical aggregate supply curve (AS)? 1b. How does Keynes defend his assertion of horizontal aggregate
1a. How do Classical Economists defend their assertion of a vertical aggregate supply curve (AS)?
1b. How does Keynes defend his assertion of horizontal aggregate supply curve (AS)?
1c. What is stagflation exactly?
1d. What do most economists agree the AS curve actually looks like?
1e. How exactly does Keynes explain the way an economy can rescue itself out of a recession, when the price level turns constant during recessions?
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Essentials Of Time Series For Financial Applications
Authors: Massimo Guidolin, Manuela Pedio
1st Edition
0128134100, 9780128134108
