Question
which one of these views - Keynesian or neoclassical - do you think is a more accurate representation of reality in the macro economy? Or
which one of these views - Keynesian or neoclassical - do you think is a more accurate representation of reality in the macro economy? Or do you think that a hybrid model that combines elements of both would be most accurate?
Pick one of these three options (Keynesian, neoclassical, or a combined model) and argue in favor of it.Come up with 3 reasonswhy you believe your choice to be a better model of the macro economy than the other options.
In writing your post, keep in mind that these aremodelsof the macro economy, notpolicy recommendations. In other words, I'm not asking you if you think the economyshould bethe way the neoclassicals describe it, or if you think weshouldcut taxes or increase government spending in a recession like the Keynesians recommend. I'm asking you about whatis, not about whatshould be. I'm asking you to make positive statements, not normative ones. I'm asking your opinion about which model provides themost accurate representationof the economy. It is possible to believe that a model isaccuratewithoutlikingit.
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