After the 1970’s stagflation, Keynesian economists now understand that when it comes to aggregate supply, policy respons

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answerhappygod
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After the 1970’s stagflation, Keynesian economists now understand that when it comes to aggregate supply, policy respons

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After the 1970’s stagflation, Keynesian economists now
understand that when it comes to aggregate supply, policy responses
in that type of economic scenario:
were more successful when using a contractionary monetary or
fiscal policy.
were more successful when using a expansionary monetary or
fiscal policy.
lead to increasing either unemployment or inflation and offered
no good economic solution regardless of policy type
implemented.
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