Econ i will post one question to be answered in one page
So far we have discussed the hallmarks of macroeconomics before Keynes 1936. Assume the economy is in recession and the government is running a deficit. In no more than 2 pages, make the case against government intervention through fiscal policy by increasing government expendituresand monetary policyby increasing money supplythrough the following concepts:
Sayas Law formulated as supply creates its own demand”-, the price mechanism, market equilibrium, the classical dichotomy and the neutrality of money, crowding out effect, Ricardian equivalence.
Please answer within the framework of the lectures and do not use Wikipedia in your answers, and cite your own resources if any are used.