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How would a change in ad and as affect the economy

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Reference no: EM133522472

Questions: 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?

Reference no: EM133522472

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