Answer to Question #47710 in Macroeconomics for Aditi
Describe the contrasting views of the Keynesians and the monetarists with regard to an appropriate expansionary policy to bring an economy out of a period of high unemployment caused by insufficient aggregate demand.
The Keynesians note that higher government spending in a recession can help the economy to recover. They note that insufficient demand causes unemployment and that excessive demand results in inflation; government should therefore manipulate the level of aggregate demand by adjusting levels of government expenditure and taxation. Monetarists note that it is important to control the money supply and inflation. Monetarists fault Keynesians for relying too much on government spending and taxation policies, which over-stimulates the economy, causing the inflation.
I think I'm satisfied. I didn't really understand the last 2 projects you completed for me so i don't know if they were missing anything. I will note that the first 4 projects did contain small errors or did not incorporate all the instructions but these were easy fixes and helped with my learning experience. i will use your service again if the need ever arises.