Demand management or supply side- debate between Keynesian and Monetarist economists

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  • Created by: Lottie
  • Created on: 19-05-12 14:55

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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