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    Classical Theory and Keynesian theory.

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    Why is it important for a policy maker to understand the difference between the Classical theory and Keynesian Theory of Economics?
    Please highlight when each theoretical perspective is useful to employ.

    © BrainMass Inc. brainmass.com October 10, 2019, 7:19 am ad1c9bdddf
    https://brainmass.com/economics/basic-economic-concepts-and-principles/classical-theory-keynesian-theory-576885

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    Why would it be important for a policy maker to understand these two major theories of economics?

    It would be very crucial for a policy maker to understand these two major theories of economics, as both have their values in macroeconomic factors. If you were ...

    Solution Summary

    This 174 word solution provides the student with an explanation on the importance of policy maker to understand the differences of Classical Economic Theory and Keynesian Economic Theory.

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