Economy, asked by Bapisunri, 4 months ago

1. Which labour market (under classical theory / Keynesian theory) is more appropriate to the
current situation? Give your arguments.

Answers

Answered by bhumikabhagat37
0

Answer:

Classical theory is the basis for Monetarism, which only concentrates on managing the money supply, through monetary policy. Keynesian economics suggests governments need to use fiscal policy, especially in a recession.

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