Question: Briefly explain and summarizekey developments in macroeconomic history. Specifically, what are the similarities and differences between Keynesian and classical economics? How does each handle issues

Briefly explain and summarizekey developments in macroeconomic history.

Specifically, what are the similarities and differences between Keynesian and classical economics?

How does each handle issues of unemployment?

What new developments starting in the 1980s have changed macroeconomic thought?

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