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Prior to beginning work on this discussion, read Chapter 6 in the course text, Aggregate Demand and Aggregate SupplyLinks to an external site. , and

  1. Prior to beginning work on this discussion, read Chapter 6 in the course text, Aggregate Demand and Aggregate SupplyLinks to an external site., and AD/AS, Unemployment, and InflationLinks to an external site. and respond to the following components:
    • Discuss the reasons why the aggregate demand (AD) curve slopes
    • What causes the AD curve and aggregate supply (AS) curve to shift, respectively?
    • How would a change in AD and AS affect the economy, respectively?
    • Why do Keynesian economists emphasize AD whereas classical economists emphasize AS?

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