Question: KEY QUESTION Use the aggregate demandaggregate supply model to compare the old classical and the Keynesian interpretations of ( a) the aggregate supply curve and

KEY QUESTION Use the aggregate demand–aggregate supply model to compare the “old” classical and the Keynesian interpretations of (

a) the aggregate supply curve and (

b) the stability of the aggregate demand curve. Which of these interpretations seems more consistent with the realities of the Great Depression?

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