a) Identify key assumption underlying Keynesian and Classical approaches to macroeconomic analysis.

b) What differences emerge between Keynesian and Classical economists regarding understanding about the business cycle and how the economy should best be managed?

c) Present an argument where you express support for either a Keynesian approach OR a Classical approach. You should make a case in arguing for only ONE of these two different approaches. To support your argument draw on real world examples and/or evidence that you cite in your answer and include in the reference list at the end of your assignment.