In the simple Keynesian model, an economy can be in equilibrium and in a recessionary gap too.

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In the simple Keynesian model, an economy can be in equilibrium and in a recessionary gap too. Do you agree or disagree? Explain and diagrammatically represent your answer in terms of the AD-AS framework.
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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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