Texas Education Agency
Texas Gateway: Chapter 11: Aggregate Demand in Keynesian Analysis
By the end of this section, you will be able to do the following: Evaluate the Keynesian view of recessions through an understanding of sticky wages and prices and the importance of aggregate demand; explain the coordination argument,...
Texas Education Agency
Texas Gateway: Chapter 11: Aggregate Demand in Keynesian Analysis
By the end of this section, you will be able to do the following: Explain real GDP or real output, recessionary gaps, and inflationary gaps, recognize the Keynesian aggregate demand/aggregate supply model, identify the determining...