ECO 372 Week 2 DQ 1

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- 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?

Response
When we talk about classical economists, they believe that the market will be able to adjust itself on its own, whereas the Keynesian economists believe that it takes the government to step in to help the market. These two types of economists also have different views on why unemployment happens and the solutions that need to be taken.
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