n your view, is the economy currently operating in the Keynesian, intermediate, or neoclassical portion of the economy's aggrega

Question

goblinko [34]

4 years ago

12

n your view, is the economy currently operating in the Keynesian, intermediate, or neoclassical portion of the economy's aggrega

te supply curve?

Business

1 answer:

abruzzese [7] · Answer 1 · 2021-12-26T06:11:43+03:00

Answer:

Intermediate Portion. <em>(Please see image 1 attached)</em>

Explanation:

This portion of the Keynesian aggregate supply model curve depicts the tradeoff between the increase in price levels and the reducttion of aggregate quantity of demanded goods and services.

Currently, the economy still has space for growing as GDP continues to have an incremental trend <em>(Pleas see image 2 attached) </em>therefore the US aggregate demand has not yet reached the Neoclassical portion of the aggregate demand.