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Aggregate supply and aggregate demand

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Reference no: EM133032798

Topic: Aggregate Supply and Aggregate Demand

  1. During the recession of 2008, did the US government take a page of the Keynesian Macro theory to help move the country out of recession? What did they create? Did it work?
  2. Interest rates are one of the main drivers of changes in investment spending and thus AD. What is also referred to as?
  3. The LRAS curve is perfectly vertical at the natural level of output because the amount of resources and total factor productivity are, in the long run, independent of the price level. What important factors may cause the curve to shift outward?

Reference no: EM133032798

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