(Answered) Compare and contrast the results of the classical model and

Economics

Compare and contrast the results of the Classical Model and the Keynesian model after an expansionary policy. Keep in mind that the economy is in a recession and not at full employment. Address the following:

a. The shape of the aggregate supply curve in each model in both the long-run and short-run.

b. The effect of an expansionary policy on aggregate demand in both the long-run and short-run.

c. The effect of an expansionary policy on the price level in both the long-run and short-run.

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