Elucidate the difference among classical and Keynesian model also list the factors which causes the shifts in the AD curve.
1. The Classical economists and the Keynesian economists differed sharply and the causes of the Great Depression and on their proposed solutions for the unemployment problem. Describe the views of each group of economists.
2. (a) List five factors that might cause the AD curve to shift outward
The five factors that might cause the AD curve to shift outward:
(b). List five factors that might cause an upward shift of the SAS curve.