(Answered) 1 in your view is the economy currently operating in the

Management Studies

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?

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