Objective: In this assignment, you will be applying Keynesian and Neoclassical economics to the current economic...

Objective:

In this assignment, you will be applying Keynesian and Neoclassical economics to the current economic crisis resulting from the COVID-19 pandemic.

Instructions:

Respond to the following prompt in a post with a minimum of 250 words, then comment on at least TWO other posts. Feel free to bring in additional references to you posts and/or comments. [Please note that you can access the grading rubric by clicking on the top right corner of this post and select 'Show Rubric'.]

Since the outbreak of COVID-19 the US is going through one of the biggest recession of all time. How would Keynesian economists explain the current economic recession? Feel free to use graphs, news report to explain your reasoning.
How would Neoclassical economists explain the the current economic recession? Feel free to use graphs, news report to explain your reasoning.
Which interpretation makes the most sense to you? Why?

Solutions

Expert Solution

Rahul Sunny answered 1 year ago

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