Question
2. Describe in words the two opposing adjustment processes (Classical or Neoclassical vs. Keynesian) when a disequilibrium occurs in financial markets. Specifically, Saving > Investment
2. Describe in words the two opposing adjustment processes (Classical or Neoclassical vs. Keynesian) when a disequilibrium occurs in financial markets. Specifically, Saving > Investment
3. Explain the origins of Keynesian macroeconomics. What were Keynes' key ideas ("heresies") and how were they in opposition to the then-dominant neoclassical economic theory.
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Econometric Analysis
Authors: William H. Greene
5th Edition
130661899, 978-0130661890
