Demand management or supply side- debate between Keynesian and Monetarist economists
- Created by: Lottie
- Created on: 19-05-12 14:55
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DEMAND MANAGEMENT
- Keynesians believe that gov should manage level of AD in order to remove infaltionary& deflationary gaps & smooth out the effects of cyclical fluctuations in national Y
- Monetarist believe gov shouuldn't enagage - this will be ineffective & destablising
SUPPLY SIDE
- aim to shift SRAS…
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