ECO 372 Week 2 DQ 1 - Version 5

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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
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?
In researching this topic, I found a helpful website called the Library of Economics and Liberty (http://www.econlib.org/http://www.econlib.org). The articles on the site really helped me understand the key differences between classical and Keynesian economists.
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