Keynesian and Monetarist Policies in Macro Economy
In the macro economy, there are policies, which are employed to control the economy of a country. The policies are the Keynesian or demand sided policies and the supply sided policy, which is also referred to as Monetarism policy. Monetarism is currently classical economics and Keynesianism is Mercantilism economic policies. These policies have various differences on how they are employed to control the economy. Keynesian school of thought claimed that the Classical thought is rigid in their assumptions in that they advocated for price flexibility and full employment, but, on the other hand, they were rigid in their advocating for ...
