CEEEEEEE

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Students Name Professors Name Course Date Macroeconomics The two economic models, classical and Keynesian, differ in market operation. The Keynesian model takes a form of a capitalist financial system where business entities pay people for the work and workers to earn from their work. Such economy makes individuals spend what they have received. As opposed to this model, the Classical model takes the form of independence in production. The external forces such as the government are out of place. The individuals themselves determine the market forces. The demand and supply depend on the individuals level of production. The classical theory provides for a free market where individual decisions determine the supply and demand options (Gal 56). Government intervention is...

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Published On:
12/23/2017
Last Updated:
12/23/2017
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5 page(s)
Word Count:
616
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ceeeeeee-59.docx
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