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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.

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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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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 ...

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