Explain point of view of classical and keynesian economists
Explain the viewpoints of classical and Keynesian economists. How did the economy that existed at the time of these theories influence them? Which theory is more appropriate for the economy today? Why?
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How did economy that existed at time of the theories influence them? Which theory is more suitable for economy today? Why?
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Why Keynesian economists believe market forces do not automatically adjust for unemployment and inflation? Find their solution for stabilizing economic fluctuations?
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