Why do classical economists and Keynesian economists agree on the long-run effects of a fall in aggregate

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Why do classical economists and Keynesian economists agree on the long-run effects of a fall in aggregate demand, but not agree on the short-run effects?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Question Posted: Feb 07, 2013 05:51 AM

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Why do classical economists and Keynesian economists agree on the long-run effects of a fall in aggregate

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In the short run Keynesian economists emphasize wage and price rigi...View the full answer

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