Question
(a)How macroeconomic policies (monetary & fiscal) are used to stimulate growth, explain using aggregate demand (AD), long-run aggregate supply (LRAS), and short-run aggregate supply SRAS
(a)How macroeconomic policies (monetary & fiscal) are used to stimulate growth, explain using aggregate demand (AD), long-run aggregate supply (LRAS), and short-run aggregate supply SRAS curves.
(b)Being a Keynesian and Classical economist explain your prescription for the economy moved to the recession due to the adverse supply shock of high oil prices during the 1970s
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Microeconomics Theory and Applications with Calculus
Authors: Jeffrey M. Perloff
3rd edition
133019934, 978-0133019933
