Question

What is the difference between classical economic and khynesin economic
And the role of facial policy in bothe of them

Answer 1

Answer:

Fiscal Policy

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. (This is an argument to reject austerity policies of the 2008-13 recession.

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