Explain two arguments against keynesian fiscal policy


Problem

Explain two arguments against Keynesian fiscal policy, one using the concept of "crowding out" and the other showing that it can only cause inflation. Explain how the economy would come out of a recession, using the Classical theory of a self-regulating economy with flexible prices under a laissez-faire policy.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Explain two arguments against keynesian fiscal policy
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