"Money is more important in Keynesian system than in the classical system". To what extent do...
"Money is more important in Keynesian system than in the classical system". To what extent do you agree? Explain.
Homework Answers
One would not agree with the statement which states that there is more importance of money in the Keynesian system as compared to the classical system. Keynesian system is more concerned about government spending and investment. On the other hand, the theories of classical system are dependent on money. The classical economists believe that money factor establishes equilibrium in the economy. From the classical point of view, more importance is given to money factor. Thus, money is more important in classical system that that of Keynesian system.
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