Question
gine an omic debate among five presidential candidates. At the time of the debate, the government announces that the economy has entered a recession.
gine an omic debate among five presidential candidates. At the time of the debate, the government announces that the economy has entered a recession. Assuming each candidate makes one statement about the economy, can you tell whether he or she is a classical or a Keynesian economist? Items (5 items) (Drag and drop into the appropriate area below) I don't think there's a problem. The economy Workers are unlikely to take pay cuts because of money illusion. recovers well on its own. Categories Rather than increasing government spending, the government should do more to stimulate saving. Consumer confidence and spending are down. The government needs to increase spending. We can't wait for the economy to recover. After all, in the long run we are dead. Classical Keynesian
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