Question: 1 a. Explain the differences between the Keynesian and New Classical views of wages and price in a macroeconomy. b. Taking a Keynesian perspective, diagram

1 a. Explain the differences between the Keynesian and New Classical views of wages and price in a macroeconomy. b. Taking a Keynesian perspective, diagram and explain the likely effect of a fiscal policy aimed to boost the economy and reduce unemployment. Identify the policy and explain its impact. c. Taking the Keynesian perspective, propose a fiscal policy intended to close an inflationary gap. Diagram and explain

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