Classical Keynesian
- competition is good the invisible hand -competition is flawed
(economy will fix itself) -AD is the key not AS
-economy will balance at full employment -in saving cause recession leaves
-believed in the trical down effect -ratchet effects and sticky wages block
-economy is always close to or at Say's Law
full employment - in the long run we are all dead
In Classical they use the trickle down effect, this effect is best described as the government putting the rich first and everyone else second.
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