The economic climate is an important part of many economic ideas. Classical economics says that things should be in balance, but when the economy is in a slump, prices and wages go down. Keynesian economics stresses the need for the government to get involved, with the level of involvement depending on how bad the slump is. On the other hand, monetary theory says that controlling the money supply is the best way to keep the economy stable. The level of monetary policy needed depends on how bad the slump is