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the topics discussed were the assumptions in classical macroeconomics and why the economy is self-regulating if it is in a recessionary gap or inflationary gap.
the topics discussed were the assumptions in classical macroeconomics and why the economy is self-regulating if it is in a recessionary gap or inflationary gap.
discuss why some of the assumptions in classical macroeconomics may not hold
discuss why the Keynesian model may be an improvement in guiding the economy to natural real GDP.
Compare and contrast the ideas of the two perspectives (Classical vs. Keynesian) and evaluate which one may be more accurate in today's society.
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