12.27: Discussion Topic: Keynesian vs. Neoclassical Economics
- Page ID
- 84595
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Thinking back to the business cycle discussion, how would Keynesian economists explain the performance of the economy during the last few years? Show graphically using the AD/AS model, and explain your reasoning.
Next, how would neoclassical economists explain the performance of the economy during the last few years? Show graphically using the AD/AS model, and explain your reasoning.
Which interpretation makes the most sense to you? Why?
CC licensed content, Original
- Discussion Topic: Keynesian vs. Neoclassical Economics. Authored by: Steve Greenlaw and Lumen Learning. License: CC BY: Attribution