Explain why the equilibrium level of output (GDP) in the Keynesian system can be determined at the
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Explain why the equilibrium level of output (GDP) in the Keynesian system can be determined at the level of output that is below the full-employment level output whereas the equilibrium level of output in the classical system is determined at the full-employment level of output?
Related Book For
Principles Of Macroeconomics
ISBN: 9781292303826
13th Global Edition
Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster
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