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Table of contents
The Keynesian Theory Using AD-AS Model
Assumptions: Classical Theory vs.. Keynesian
A Circular Flow view of the Classical Economy.
Recessionary Gap: High unemployment
Recessionary Gap shifts AD
Conclusions from Keynesian Model - Recession
Recessionary Gap: Keynesian Policy Rx
Inflationary Gap: Keynesian Policy Rx
Keynesian Model: Conclusion & Recommendations
Author:
James Luke
E-mail:
lukej@lcc.edu