week 4
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Week 4-Assignment: Classical and Keynesian Debate ECO 203: Principles of Macroeconomics Week 4-Assignment: Classical and Keynesian Debate As Keynesian economists (Keynes), we emphasize and encourage more government involvement to prevent financial instability. We believe the main goal is to reach the full potential of employment output and that when employment is at its all-time highest those same employees will be contributing to the community and the economy. According to Amacher and Pate 2019, President Theodore Roosevelt responded to the Great Depression by implementing Keynesianism economic policies (Ch. 4.5). Since the Great Depression in the 1930s, our government has strived to keep our economy strong and stable. However, our country was shaken again by the economic...