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A Classical economist takes a laissez-faire approach and believes the economy is self- regulating. A Keynesian economist takes an interventionist approach and believes that output
- "A Classical economist takes a laissez-faire approach and believes the economy is self- regulating. A Keynesian economist takes an interventionist approach and believes that output can remain below what the economy is capable of producing." Highlight on the central tenets of each approach indicating the extent to which they have informed management of economies in the recent past.
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