Problem
1. When is an economy at full employment? How are the concepts of frictional and structural unemployment related to the definition of full employment?
2. How did Keynes' approach to macroeconomics differ from that of his predecessors?
3. Compare and contrast classical, Keynesian, and monetarist views of economic stability.
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.