Tag Archives | Classicists and Keynes

This article will help you to learn about the difference between the Classicists and Keynes on Aggregate Demand (AD) and Aggregate Supply (AS). Difference between Classicists and Keynes on Aggregate Demand and Aggregate Supply The classical economists believed in the operation of the Say's Law of Markets which states that supply creates its own demand. They also assumed sufficient wage-price [...]