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Unformatted text preview: of Classical Economists because while Classical Economists generally think that the market will be able to adjust on its own, Keynesian Economists believe that the government must step in to solve the problems in the market. Classical Economists and Keynesian Economists also differ in the question of unemployment. Classical Economists believe that if the economy were left on its own, it would adjust to reach an equilibrium wage for workers and the economy would be at full employment. Keynesian Economist argued that government policies could be used to increase aggregate demand, which would then increase economic activity and reduce high unemployment. These are just arguments from each of the two groups of economics. Both groups differ in the way they would solve problems in the marketplace....
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- Spring '11