Briefly Explain the Schools of Thought That Dispute Keynesian or New

question 85

Essay

Briefly explain the schools of thought that dispute Keynesian or New Keynesian aggregate demand and aggregate supply modelling.
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Definitions:

Meaning

The inherent significance or purpose of something, often related to understanding or comprehending concepts and contexts.

Competing Values Framework

A model used to assess and understand organizational culture by categorizing it into four quadrants based on flexibility vs. control and internal vs. external focus.

Market Culture

An organizational culture where decision-making is driven by market mechanisms, such as competition and customer demands.

Highly Controlled

Describes an environment or situation where variables are strictly managed or regulated.