9 Nov 2021
Problem 38
Page 600
Section: REVIEW QUESTIONS
Chapter 24: The Aggregate Demand/Aggregate Supply Model
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9 Nov 2021
Introduction
The Keynesian zone lies in the left of the SRAS curve which is mainly putting the zone in the flat. It affects the output of AD movements but it has some effect on prices as well. Whereas Say's LAW includes its own demand on their supplies. Changes in demand don't affect the GDP and employment but in the price level.
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