Explain the viewpoints of classical and keynesian
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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Explain the viewpoints of classical and Keynesian economists. How did the economy that existed at the time of these theories influence them?
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Why do Keynesian economists believe market forces do not automatically adjust for unemployment and inflation? What is their solution for stabilizing economic fluctuations?
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