Equilibrium in macroeconomics (neo-classical perspective)
While there is general consensus among economists concerning the shape of the aggregate demand curve as well as the short run aggregate supply curve, economists tend to disagree over the shape of the AS curve in the long run, with theorists divided into one of two camps - keynesian economists and on the other hand neo-classical economists, which includes monetarist, neo-monetarist, laissez faire as well as Chicago...