Explain what shape did the short-run aggregate
1. Explain what shape did the short-run aggregate supply curve have during the 1930s, according to Keynes?
2. Determine the multiplier? How is it calculated? Explain why is the multiplier related only to consumption spending?
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Explain what shape did the short-run aggregate supply curve have during the 1930s, according to Keynes?Determine the multiplier? How is it calculated? Explain why is the multiplier related only to consumption spending?
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