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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Is it a logical contradiction to be a neoclassical Keynesian? Explain.

To determine

To state: the logical contradiction to be Neoclassical Keynesian.

Explanation

Keynesian view is just opposite to classical and neo-classical economists. So they are incompatible to each other.

Due to difference in view-point, Neoclassical Keynesian economists cannot exists.

Keynesian economists believe that government intervention or federal bank intervention is required to keep economy at its stability. It believes in short-run growth.

Neoclassical economists believe in self-correcting mechanism...

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