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The following questions focus on content learned in chapters 11-13. 1. Name and describe three of the four major assumptions of the Classical Model to

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The following questions focus on content learned in chapters 11-13. 1. Name and describe three of the four major assumptions of the Classical Model to economics. 2. Explain the Keynesian model and give an example of how this model operates. 3. Explain the concepts of consumption and consumption goods while also giving examples of both concepts. 4. What is fiscal policy? How would the government assist in achieving full employment in this concept? 5. Explain the concept of crowding out and give an example of this concept. Due Date

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