Section 3 looks at the balance of Neoclassical and Keynesian perspectives and discusses why we may want to consider both perspectives when making policy, both short and long run. For this discussion:

1. Using an example, demonstrate why it is important to consider both perspectives when making policy decisions.
   1. Is there a time when it is appropriate to not worry about the long run?
   2. Is there a time when it is appropriate to focus more on the long run?