Introduction The objective of this chapter is to discuss z 2o, how price is determined in Keynesian analysis some textbooks would like to refer the analysis in this chapter as the medium analysis in contrast to short run analysis This is because in the short run the price is Bs assumed to be fixed, and therefore nothing we can say about the price determinationIntroduction • The objective of this chapter is to discuss how price is determined in Keynesian analysis. • Some textbooks would like to refer the analysis in this chapter as the medium analysis in contrast to short run analysis. This is because in the short run the price is assumed to be fixed, and therefore nothing we can say about the price determination