Economics Department

Keynes vs the Classics essays

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This week's essay

a)      Explain the differences between Keynesian and Classical (Monetarist) AS curves                                                                     (10 marks)

b)   Discuss how the shape of the AS curve determines the impact of an increase in AD

(10 marks)

Other essays

1 a) Explain the differences between the Keynesian and Classical views of the impact of a fall in AD.

   b) Discuss the factors which will determine how quickly an economy will return to full employment.

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