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Hi, I need help on these questions for my macroeconomics class! Please answer in full sentences! 1.Outline the differences between Keynes and the classical economists
Hi, I need help on these questions for my macroeconomics class! Please answer in full sentences!
1.Outline the differences between Keynes and the classical economists when it comes to Say's Law in a money economy.
2. Outline the differences between Keynes and the classical economists when it comes to investment.
3.Look at the Keynesian consumption function: C = 500 + (0.60 Yd).
(a)What part of it relates to autonomous consumption and what part of it relates to induced consumption?
(b)How much is the multiplier?
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