how-do-equilibrium-adjustments-differ-between-the-classical-and-keynesian-models

Question

How do equilibrium adjustments differ between the classical and Keynesian models in the aggregate demand and supply framework?

Accepted Answer

In the classical model, adjustments are immediate; in the Keynesian model, they are delayed.

Answer

Neither model adjusts from short-run to long-run equilibrium.

Answer

Both models have immediate adjustments.

Answer

In the Keynesian model, adjustments are immediate; in the classical model, they are delayed.