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04. In your own words, briefly summarize the distinctive policy views of Post-Keynesians. (6 points) Q5. Standard economics models the economy in terms of a

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04. In your own words, briefly summarize the distinctive policy views of Post-Keynesians. (6 points) Q5. "Standard economics models the economy in terms of a closed system with homogeneous isolated agents, making rational choices that lead to equilibrium static macro level outcomes... The standard, equilibrium approach, has been highly successful. It sees the economy as perfect, rational, and machine- like, and many economists admire its power and elegance. But these qualities come at a prico." Comment on the above statement! (9 points)

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