What are the three explanations for unemployment
given by Classical Economics?
How does the “free market” establish an equilibrium
between the supply of labor and the demand for labor?
What is the historical context of Keynes’ theory? Is there
something new that Classical Economics cannot explain?
What is the real reason for unemployment, according to
Keynes?
How will the demand for goods recover, according to
classical theory?
(And, according to Keynes?)
How must the State react in an economic crisis?
Explain the “Multiplier Effect”.
Explain, briefly, the neo-liberal critique to Keynes’
theory (Friedman, Hayek).
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