Classical and Keynesian Aggregate Supply Keynesian Vs Classical Economist
Keynesian Economics Concepts Explained with No Math! Hey Everyone! I'm Mr. Willis, and You Will Love Economics! In this video, I will: - Define Smith's theory of "flexible" wages and Famed economist F.A. Hayek explains how government spending to drive down unemployment drives up inflation and cannot be Economic Schools of Thought: Crash Course Economics #14 Classical thought prefers a balanced budget, while Keynesian thought allows government debt. Classical thought works by supply and demand, while Keynesian ...