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Keynesian and new-keynesian aggregate demand

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Reference no: EM131695289

Short Answer Question

(a). Describe the main difference between the Keynesian and New-Keynesian Aggregate Demand/ Aggregate Supply Models.

(b). Compare and contrast the results from the Keynesian and New-Keynesian Aggregate Demand/ Aggregate Supply Models following an increase in aggregate demand. What's the same? What's the different? Why?

Reference no: EM131695289

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