1. What economic circumstances gave rise to the Keynesian approach to understanding the workings of the economy?
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3. What are the principal differences between the Keynesian and Classical approaches to understanding the workings of the economy?
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5. What economic challenges is Fiscal Policy designed to address?
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The Keynesian approach to understanding the workings of the economy emerged in response to the economic challenges of the Great Depression in the 1930s The classical economic theories prevalent before ... View the full answer