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Main difference between classical macro-economics and neo-classical thoughts?
what is diff b/w the classical economist and keynes economist
What economist is responsible for changing classical thinking in the twentieth century?
keynes
This man is responsible for changing classical thinking in the twentieth century?
keynes
What are the assumptions of multiplier theory of keynes?
closed economy
How do you explain Classical Conditioning Theory?
Explain Classical Conditioning Theory?
How is the Neoclassical theory and how its related to classical?
neoclassical theory ia an improved version of the classical theory
The change from classical economics to modern economics theory in the twentieth century is associated with this man.?
Economist John Maynard Keynes (b. 1883). Keynes' theories on Economics and the relationship of money supply, velocity, fluidity, and value, revolutionized the field of economics. His views, now referred to alternately as 'supply-side,' 'monetary,' or simply 'Keynesian' economic theory, were widely embraced by Western nations, and were largely credited with ending the great depression; the influence of Keynes' ideas persists today.
Classical theory and Neo-classical theory of International Trade?
in a classical theory says there is perfect competition whereas NE classical states imperfect competition in international trade.
Who was the British economist who believed that govement that deficit spending in a recession could help the economy recover?
Keynesian theory
Comparison between classical theory and neo classical theory?
Nothing
What are the 2 types of classical management theories?
1.Neo-classical management theory 2.Modern-classical theory
Advantages and disadvantages of classical management theory?
Advantages and disadvantages of classical management theory?
