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After watchingthe following two youtubevideos; 1) https://www.youtube.com/watch?v=d0nERTFo-Sk 2) https://www.youtube.com/watch?v=GTQnarzmTOc Summarizethedifference between the Classical Model (Hayek)and the Keynesian Model (Keynes). Make sure to discuss fiscal policy
After watchingthe following two youtubevideos;
1)https://www.youtube.com/watch?v=d0nERTFo-Sk
2)https://www.youtube.com/watch?v=GTQnarzmTOc
Summarizethedifference between the Classical Model (Hayek)and the Keynesian Model (Keynes). Make sure to discuss fiscal policy and monetary policy responses.
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