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Economy currently operating in the keynesian

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Reference no: EM131584198

1. In your view, is the economy currently operating in the Keynesian, intermediate, or neoclassical portion of the economy's aggregate supply curve? Explain.

2. If households decide to save a larger portion of their income, what effect would this have on the output, employment, and price level in the short run? What about the long run?

Reference no: EM131584198

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