Hello All,
Could somebody explain me what the prescriptions of the
-classical economists
-Keynesian economists
-Monetarists
are to achieve macroeconomic equilibrium?
I read through the topic but I got a bit lost in the word barf as to what we are supposed to understand from the three schools of thought. What is the final goal? To achieve
1. macroeconomic equilibrium?
2. increase aggregate demand? or
3. increase real GDP?
If the goal is 1, what is the suggested course of action of classical, Keynesians, monetarists? What if the goal is 2 or 3?
Thanks
P
