Question: Explain the shape of aggregate demand curve. How do Classical and Keynesian economists differ in their view of the aggregate supply curve? Discusshow the economy

  1. Explain the shape of aggregate demand curve.
  2. How do Classical and Keynesian economists differ in their view of the aggregate supply curve?
  3. Discusshow the economy returns to equilibrium in response to changes in aggregate demand (AD) and aggregate supply (AS) in both the short run and long run.

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