r1111 Posted April 27, 2014 Report Share Posted April 27, 2014 Hi,Which graph do you draw on the exams? The monetarist model or Keynesian model? I feel that monetarist is easier to draw but Keynesian is more correct. What do you do for a general demand/supply side policy question which does not specify which model to use? Reply Link to post Share on other sites More sharing options...
SmileBeloved Posted April 27, 2014 Report Share Posted April 27, 2014 I think you could put both, and just explain the different theories involved with each? Reply Link to post Share on other sites More sharing options...
mckenziefsg Posted April 27, 2014 Report Share Posted April 27, 2014 Depends upon what the question is asking for and how many marks the question is asking for. You can't give 12 pts worth of information using a neoclassical LRAS curve. Reply Link to post Share on other sites More sharing options...
ctrls Posted April 27, 2014 Report Share Posted April 27, 2014 I personally prefer the neo-classical one, it's faster to draw and I'm generally more used to using it. Unless you are explaining a particular feature of a model however, it really doesn't matter which you go with. 1 Reply Link to post Share on other sites More sharing options...
mizwar Posted May 23, 2014 Report Share Posted May 23, 2014 For me I prefer SRAS because it is much simple and can be use in many texts Reply Link to post Share on other sites More sharing options...
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