Macroeconomics

Write a short (2-3 page, typed, double-spaced APA format) essay. Conduct a thorough analysis of both the classical economic model and the Keynesian economic model. Describe the impact on the aggregate demand and supply curves, along with the impact on inflation and unemployment. Cite your research and not to plagiarize.

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The classical economic model is rooted in the theory of a free market (laissez-fare) which lacks any interference from the government. It allows individuals to make economic decisions based on their own interest without having to consider laws set out by the government. Classical economists blame the government for issues like recession and they believe in the flexibility of prices in the market. The model also depicts…..

APA

780 words