Documents Chapter 11 Classical vs. Keynesian. CLASSICAL BELIEVES: Markets will behave according to S&D. In...

Slide 1 Chapter 11 Classical vs. Keynesian Slide 2 CLASSICAL BELIEVES: Markets will behave according to S&D. In other words. S&D will respond accordingly to “Inflationary…

Documents Economic growth (III) 1. Short run or long run? (full adjustment of capital, expectations, etc....

Slide 1 Economic growth (III) 1 Slide 2 Short run or long run? (full adjustment of capital, expectations, etc. Classical or non-classical? (sticky wages and prices, rational…