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Consider the increased Federal spending in the US in response to the economic impacts of the pandemic. Discuss what a classical perspective would suggest as
Consider the increased Federal spending in the US in response to the economic impacts of the pandemic. Discuss what a "classical perspective" would suggest as a policy response to the pandemic. Also discuss what a "Keynesian" response would look like. How would you characterize the policy approach that has been undertaken? Briefly explain the economics of the approach taken. What was the government trying to accomplish? What would likely have occurred if the government had taken the other approach?
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