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Business, 07.06.2020 02:00 nehemiahj85

How do Keynesians and classicals differ in their beliefs about how long it takes the economy to reach long-run equilibrium? What implications do these differences in beliefs have for Keynesian and classical views about the usefulness of antirecessionary policies? Classical economists think prices adjust and that antirecessionary policies are , whereas Keynesian economists think the opposite.

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