• Evaluate the following statements and classify each statement as exhibiting a Keynesian perspective or a neoclassical perspective. Be sure to explain your answer.

  • Congress has approved a stimulus plan to mail economic impact payment of $1,200 to taxpayers earning less than $75,000 per year.

  • Cyclical unemployment must be reduced by running a fiscal deficit, shifting aggregate demand to the right.

  • The U.S. government should pay for the retraining of those who become structurally unemployed.