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Given the current economy condition, while the Liberal Party is in government and the policy makers are strong supporters of the 'Classical view' in managing
Given the current economy condition, while the Liberal Party is in government and the policy makers are strong supporters of the 'Classical view' in managing the economy. What assumptions would they make about how the economy works? What type of policy would you expect the government to implement in order to restore the economy back to full-employment? How would this policy approach affect the AD, SAS and the LAS of the AD/AS Model
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