0
The major difference between the classical model and the Keynesian model is their approach to government intervention in the economy. The classical model believes in a hands-off approach, where the economy will naturally correct itself, while the Keynesian model advocates for government intervention to stimulate economic growth and stabilize fluctuations.
What else can I help you with?
What is the Major difference between micro and macro ecomics according to McConnell?
Micro
What is the difference between microeconmics and macroeconomics?
Microeconomics and macroeconomics are two major and are general fields of economics.
What is the difference between barter system and double coincidence of wants?
The double coincidence of wants is one of the major part of the Barter System.The two basic terms actually don't have any specific difference.
What is is the difference between Mercantilism and capitalism?
the major difference between the two is mercantalism is based around the government and capitalism around the individual. Mercantalism depends on a trading market of exporting more than importing to increase the gold and silver of a country. Capitalism has supply and demand.
What is the difference between a business cycle and the day-to-day ups and downs market?
a business cycle is a major, prolonged fluctuatuion rather than a day-to-day movement
What was a major difference between the first civilizations and the civilizations of the classical era?
The distance and importance of trade connections
What is a major difference between the xia and shang dynasties?
The major difference is by sues
A major difference between Calvinism and Lutheranism relates to?
The major difference between the two relates to the emphasis on predestination.
What was the Main use of sheep by early colonist in US?
Describe the major difference between sheep's and goats
What is the major difference between vertebrates and non-vertebrates?
The major difference between vertebrates and invertebrates is that vertebrates have a back bone and invertebrates don't
What is the difference between gtp and gt?
The major difference is that the GTP is supercharged.
What was one of the major differences between African civilizations and other post-classical?
They didn't have the technologies that other civilizations did. They stayed the same from the classical period to the post classical period based on technology
What was one of the major differences between African civilizations and other post-classical societies?
They didn't have the technologies that other civilizations did. They stayed the same from the classical period to the post classical period based on technology
What is a major significant difference between the sun and Jupiter?
The difference in mass
What was a major economical difference between the north and south?
the major economical difference between the north and the south is the north was based on manufacturing while south was agriculutural
What are the major differences between classical and modern menus?
The differences between classical and modern menus is that classical menus have more expensive and uniqe foods. Modern menus have the same food that we mostly eat today and is less expensive then then the classical menus.
What is the major similarity and the major difference between cellular respiration and photosynthesis?
That it have cell
