Thursday, March 9, 2017

Unit 3 February 29


  • Classical School 
    • Trickle down theory
    • help the rich first and then everyone else 
    • in the LR, the economy will balance at full employment output 
    • the invisible hand 
  • Keynesian School
    • AD is the key, not AS
    • in the LR, we are dead 
    • leaks cause recessions
    • savings cause recession 

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