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What ideas that differentiate Keynesian and classical Keynesian?
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Differentiate between New Classical and New Keynesian economics school of thoughts?
the classical believe the economy is best left to itself whereas the keynesian argued that government intervention could improve economic performance
In contrast with classical economics keynesian economics does what?
In contrast with Classical economics, Keynesian economics takes a broader view of the economy
What are people who develop ideas that explain how the economy works known as?
Such people are generally known as Economists. There are many varieties of economists, like Neo-Classical, Keynesian, Marxist, Mercantilist, Physiocratic, etc.People who develop ideas that explain how an economy works are called economists.
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.
What The plans Roosevelt outlines in this speech align with what ideas?
Keynesian economics
What are five types of macroeconomics?
Classical Neo-classical Keynesian Austrian Monetarist That should get you started.
Deffernce between New Keynesian macroeconomics and new classical macroeconomics in the main ideas?
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.
What is the similarities between classical and Keynesian school of thoughts in economics?
Keynesians say that government should interven in economic activities where as classical say not too
In contrast with classical economics Keynesian economics .?
takes a broader view of the economy
In contrast with classical economics, Keynesian economics _____.?
takes a broader view of the economy
The plans Roosevelt outlines align with what ideas?
Keynesian economics
What are people who developed ideas that explained how the economy known as?
Such people are generally known as Economists. There are many varieties of economists, like Neo-Classical, Keynesian, Marxist, Mercantilist, Physiocratic, etc.People who develop ideas that explain how an economy works are called economists.
