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Keynesian policy of as-ad

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Reference no: EM131449530

Imagine you are the Trump's economic advisor. He has asked you to develop a policy that can be addressed at the upcoming State of the Union Address. Trump believes in the Keynesian policy of AS/AD. Unfortunately you can't give him solid policy prescriptions based on that model because you do not know the positionon of the LAS curve. Explain why not knowing this creates a problem.

Reference no: EM131449530

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