Thinking back to the business cycle discussion

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Thinking back to the business cycle discussion, how would Keynesian economists explain the performance of the economy during the last few years? Show graphically using the AD/AS model, and explain your reasoning. Next, how would neoclassical economists explain the performance of the economy during the last few years? Show graphically using the AD/AS model, and explain your reasoning. Which interpretation makes the most sense to you? Why?

Reference no: EM131386241

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