Describe point of view of classical-keynesian economists
Explain the viewpoints of classical and Keynesian economists. How did the economy that existed at the time of these theories influence them? Which theory is more appropriate for the economy today? Why?
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Describe the point of view of classical and Keynesian economists. How did economy which existed at the time of these theories influence them?
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Write down the difference between real and nominal GDP? Does GDP accurately reflect nation's welfare? Explain why or why not?
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