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Deffernce between New Keynesian macroeconomics and new classical macroeconomics in the main ideas?
Rami99
the main argument between the two schools of thoughts is number one on the price and wage rigidity and secondly on the market clearing idea. new Keynesian economics believe in wage and price rigidity and non clearing (disequilibrium) market models. while the classical tend to disagree with these ideas and believe in wages and price flexibility and market clearing models.
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Difference between neoclassical and new classical macroeconomics?
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tor ma k 101 bar....
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What is the key difference between the classical and Keynesian aggregate supply functions?
Classical Aggregate Supply function is vertical whereas the Keynesian Aggregate Supply function is positively sloped.
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the classical believe the economy is best left to itself whereas the keynesian argued that government intervention could improve economic performance
What is the differences between Classical and Keynesian aggregate supply curve?
tor ma k 101 bar....
What is the different between classic and keynesian macroeconomics?
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