please don't copy from cheg if you don't know, don't answer (thank you) 1. Draw and properly
No answer yet for this question.
Ask a Tutor
Question:
please don't copy from cheg if you don't know, don't answer (thank you)
1. Draw and properly label an AD-AS model to show Keynesian, intermediate, and neoclassical zones (6%). Then, briefly explain the levels of unemployment, inflation and real GDP in each zone, and confirm whether or not goals of a macroeconomy is being achieved in each zone. (14%)
2. Draw and properly label the AD-AS graphs or one graph to show recessionary and
inflationary gaps (6%). Then, discuss in detail how Keynesians suggest
recessionary and inflationary gaps be closed. (16%)
Posted Date: