Economy, asked by surbhibajpai, 2 months ago

Compare and contrast Keynesian and new classical macroeconomics.​

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Answered by py2842668
0

Answer:

Classical economics places little emphasis on the use of fiscal policy to manage aggregate demand. 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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