Summarize the General Attitudes of Classical Economists and Keynesian Economists

question 28

Essay

Summarize the general attitudes of classical economists and Keynesian economists with regard to price flexibility,the necessity of government intervention,and the time period of interest.

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Definitions:

KOH

Potassium Hydroxide, a strong alkali used in various chemical processes and as a cleaning agent.

NaBr

Sodium bromide, a salt with various uses including in medicines, as a sedative, and in photographic processing.

React

To undergo a chemical change or transformation in response to another substance or condition.

Sodium Chloride

The chemical name for table salt, a compound with the formula NaCl, widely used as a condiment and preservative.