Sort the following characteristics by whether they describe classical economics

Question

Sort the following characteristics by whether they describe classical economics or Keynesian economics. 1st attempt 9 See Hint Key Characteristics (10 items) (Drag and drop into the appropriate area below) Savings are critical for growth. Supply is the key side of the market. Government intervention is not necessan Markets tend toward stability with full employment. Prices are sticky. Savings are a drain on demand. key side of the Demand is the market. Classical or Keynesian? Classical economics Keynesian economics Drag and drop here Drag and drop here 6 OF8 QUESTIONS COMPLETED

Explanation / Answer

Classical economists believed that "Supply is the key side of the market", "government intervention is not necessary", "market tends toward stability with full employment", and "savings are critical for growth".

Keynesian economists believed that "demand is the key side of the market", "prices are sticky", "savings are a drain on demand"

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