Economy, asked by sawhneysam5, 6 months ago

difference between calssical and keynesion school

Answers

Answered by kimsaku

1

Classical Theory believes that full-employment is the employment level the economy will return to, and tends to remain at in the long run. ... Keynesian Theory holds that unemployment is the normal state of the economy and significant government intervention is required if employment/output targets are to be reached.

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