Question: How do Classicists and Keynesians differ with respect to whether wage rates and other prices adjust rapidly to their equilibrium (market clearing) levels? Why do

How do Classicists and Keynesians differ with respect to whether wage rates and other prices adjust rapidly to their equilibrium (market clearing) levels?

Why do Keynesians believe a free market economy might not fully employ its labor force?

How do Classicists and Keynesians differ with respect to the role of government in the economy?

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