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1. Why was there still high unemployment (9.5%) in 1940 according to Keynesian economists? What was their argument? In other words, what did they think
1. Why was there still high unemployment (9.5%) in 1940 according to Keynesian economists? What was their argument? In other words, what did they think the New Deal was doing wrong? 2. Why was there still high unemployment (9.5%) in 1940 according to Classical economists? What was their main argument concerning labor? In other words, what did they think the New Deal was doing wrong
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