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LRAS ADn SRAS ADi Neoclassical zone Pn ADK En Price Level Intermediate zone Ek Keynesian zone policy a society ought to implement; it may help
LRAS ADn SRAS ADi Neoclassical zone Pn ADK En Price Level Intermediate zone Ek Keynesian zone policy a society ought to implement; it may help to think about how 1. Explain why these "zones" may lead to debate regarding what type of Real GDP tolerant people are to bad times. One interpretation of these zones is that when the economy is in the Neoclassical, or Keynesian zone, more people will be favorable towards that type of policy. For example, when times are good, people will favor Neoclassical policy, while they will favor Keynesian policy when times are not so great. For this discussion, your task is to: 1. Explain why these "zones" may lead to debate regarding what type of policy a society ought to implement; it may help to think about how tolerant people are to bad times. 2. Reply to two of your peers' posts
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