Purchase Solution

Classical & Keynesian economists' views of unemployment

Not what you're looking for?

Ask Custom Question

If you were having a conversation with a Keynesian and a Classical economist, and the conversation turned to why the economy is experiencing high unemployment and what the government should do about it, how would each economist explain unemployment and what policies would each advocate?

Purchase this Solution

Solution Summary

The expert explains how a Classical and a Keynesian economist would disagree about what causes inflation and what the government should do about it.

Solution Preview

A classical economist would argue that unemployment occurs because the wages for a particular job are above the equilibrium wage, resulting in an excess of demand for that job. He would argue that if the ...

Purchase this Solution

Free BrainMass Quizzes
Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.