Long-run Aggregate Supply and the Keynesian AS model

When wages are fully flexible and adjust the the price level, firms will always be willing to produce the same level of output and employ the same number of workers. In this video we explore the difference between the SRAS model, the LRAS model, and a hybrid model of aggregate supply called the Keynesian AS model.
econclassroom.com

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Read Blanchard

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10:15

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ARE NEO CLASSICAL AND MONETARIST THE SAME?

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yes