Aggregate Supply: Keynesian View and Classical Analysis

This video, the third in a series on aggregate supply, focuses on the Keynesian view. It contrasts classical and Keynesian theories, emphasizing the importance of understanding both for AQA syllabus students. The Keynesian curve, developed during the Great Depression, highlights wage stickiness and output gaps. The video discusses the phases of the Keynesian curve and how to integrate both theories in economic analysis. The series concludes with a summary and a preview of future topics on market equilibrium.

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