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Analyze how the shift of AD or SRAS will affect real GDP, unemployment, and price levels.Compare how Keynesian policies are used to correct a recession

Analyze how the shift of AD or SRAS will affect real GDP, unemployment, and price levels.Compare how Keynesian policies are used to correct a recession with Classical Theory.

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Price Level (GDP Deflator) Graph A LRAS Price Level SRAS (GDP Deflator) LRAS Graph B SRAS Ple Ple AD AD Ye Yf Output Yf Ye Output (RGDP) (RGOP) PLe: Short Run Equilibrium Price Level Y = Income from Output Ye: SR Equilibrium Output Yf: Output at Full Employment

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