Business, 27.03.2020 04:57 nana55959

An important difference between the Classical Model and the Keynesian Model is that the a. Keynesians believe that the aggregate supply curve is ▼ horizontal in the short run vertical always downward sloping . b. The Classical model assumes prices ▼ are flexible are sticky so that the aggregate supply curve is ▼ vertical upward sloping horizontal and the economy is always ▼ at full employment in a recession in flux at a constant price level . c. The Keynesian model indicates that the economy will find an equilibrium however the economy will not always ▼ reach full employment expereince inflation in the short run .

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An important difference between the Classical Model and the Keynesian Model is that the a. Keynesian...

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