According to the lectures, which of the following ideas are
representative of (neo)classical (orthodox) theory, which are
representative of (post)Keynesian (heterodox) theory, and which are
shared by both theories?
1.
(neo)classical
2.
(post)Keynesian
3.
Both
Output, income, and employment fall when money saved exceeds
intended investment, until savings equals investment
Savings equals investment in equilibrium (ignoring government or
foreign sector)
Interest rates fall when money saved exceeds the demand for
those funds for investment, until savings equals investment
"In the...