DISCUSSION NEED ASAP TONIGHT

Discussion Topic:

Thinking back to the business cycle discussion, how would Keynesian economists explain the performance of the economy during the last few years? Show graphically using the AD/AS model, and explain your reasoning.

Next, how would neoclassical economists explain the performance of the economy during the last few years? Show graphically using the AD/AS model, and explain your reasoning.

Which interpretation makes the most sense to you? Why?