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4) Consider the economic developments associated with the Great Depression (early 1930s) or with the Great Recession (late 2000s) in the United States. Make it
4) Consider the economic developments associated with the Great Depression (early 1930s) or with the Great Recession (late 2000s) in the United States. Make it clear which one you are using in your answers. a. Who you think provided the best explanation for the shocks that triggered the crisis and for the way the crisis evolved, the Classicals or the Keynesians? b. Consider the FED's main monetary policy actions to address the crisis. Were they inspired by the classical or Keynesian paradigms
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