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x xxxxxxx 5

 

xxxxx

 

Professor:

 

xxxxxxx

 

Date.

 

Chapter xxx xxxxxxxxx and xxxxxxxxx xxxxxxxx

 

The xxxxxxxxx xxx Classical xxxxxx have been xxxx xx describe the economy. xxxxxxxxx xxxxxxxxxx maintain that the xxxxxxx xx xxx xxxxxx xx full employment. xxxx xxx xxx economy xxx xxxxxx be xxxxx or below its potential. The Keynesian theory arose xxxxxx xxx xxxx of xxx xxxxx xxxxxxxxxxx xxxxxx that xxxxx xxxxxxxxxxxx was rampant, xxx the economy was operating xxxxx xxx potential xxx xxxxxxxxxxxxx xx x xxxxxxxxx model, a xxxxxxx?x economy xxx begin xx x complete state xx xxxxxxx xxxxx everyone is xxxxx xxxxxxxxx but strong xxxxxx for xxxxxxxx and services may pull xxx xxxxxxx above the xxxx employment level. Economists xxxxx xx xxx xxxxxxxxx xx xx expansion. There are xxxx xxxxxxxxx xx x recession xxxxx xxx xxxxxxx is xxxxx the full xxxxxxxxxx xxxxxx

 

xxxxxxxxx economists xxxxxxxx that the market xx xxxxxx clear xxxxx prices xxxxxx through the forces xx xxxxxx and demand. That xxx xxx market xx

 

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This paper was answered on 19-Jul-2017

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