School of Economics | Keynesian vs Classical models and policies
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20 Apr

Posted at 00:21h in Uncategorized by
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Readers Question: Could you give a summary of Keynesian and Classical views? Summary Classical economics emphasises the fact that free markets lead to an efficient outcome and are self-regulating.In macroeconomics, classical economics assumes the long run aggregate supply curve is inelastic; therefore any deviation from full employment...

19 Jan

Posted at 00:49h in SOE by
1 Like

Keynesian vs Classical models and policies Readers Question: Could you give a summary of Keynesian and Classical views? Summary Classical economics emphasises the fact that free markets lead to an efficient outcome and are self-regulating. In macroeconomics, classical economics assumes the long run aggregate supply curve is...