6 Outline the major economic problems that plagued the U.S. economy during the 1970s. How would each

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6 Outline the major economic problems that plagued the U.S. economy during the 1970s. How would each of the following explain these problems:

(a) Keynesians,

(b) monetarists,

(c) supply-side economists, and

(d) proponents of the rational expectations view? Are there substantial points of agreement among these alternative views? Explain.

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Essentials Of Economics

ISBN: 396414

2nd Edition

Authors: James D Gwartney; Richard Stroup; J R Clark

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