According to Keynesian theory,a change in aggregate demand might have little or no effect on the price level.

Name: According to Keynesian theory,a change in aggregate demand might have little or no effect on the price level.
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Keynesian theory suggests that in the short run, especially during recessions, changes in aggregate demand can affect the level of output and employment more than they affect prices, implying that prices can be sticky downwards due to factors like wage contracts and menu costs.

According to Keynesian Theory,a Change in Aggregate Demand Might Have