(a) Although Keynesian economics provided alternative solutions to address the economic depression of the 1930s, it...

(a) Although Keynesian economics provided alternative solutions to address the economic depression of the 1930s, it is not free of limitations. Write an essay in which you evaluate the relevance of the criticisms of Keynes and Keynesianism in Africa.

(b) Write an essay in which you explain why, according to Milton Friedman, “inflation is always and everywhere a monetary phenomenon”.

Expert Solution

Answer (a):

(b)

Rahul Sunny answered 8 months ago

a) Although Keynesian economics provided alternative solutions to address the economic depression of the 1930s, it...

a) Although Keynesian economics provided alternative solutions to address the economic depression of the 1930s, it is not free of limitations. Write an essay in which you evaluate the relevance of the criticisms of Keynes and Keynesianism in Africa. (b) Write an essay in which you explain why, according to Milton Friedman, "inflation is always and everywhere a monetary phenomenon".

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