{"id":481,"date":"2016-07-15T21:41:59","date_gmt":"2016-07-15T21:41:59","guid":{"rendered":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/discussion-topic-keynesian-vs-neoclassical-economics\/"},"modified":"2023-07-14T19:07:52","modified_gmt":"2023-07-14T19:07:52","slug":"discussion-topic-keynesian-vs-neoclassical-economics","status":"publish","type":"chapter","link":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/discussion-topic-keynesian-vs-neoclassical-economics\/","title":{"raw":"Discussion Topic: Keynesian vs. Neoclassical Economics","rendered":"Discussion Topic: Keynesian vs. Neoclassical Economics"},"content":{"raw":"Thinking back to the business cycle discussion, how would Keynesian economists explain the performance of the economy during\u00a0the last few years? Show graphically using the AD\/AS model, and explain your reasoning.\n\nNext, how would neoclassical economists explain the performance of the economy during\u00a0the last few years? Show graphically using the AD\/AS model, and explain your reasoning.\n\nWhich interpretation makes the most sense to you? Why?","rendered":"<p>Thinking back to the business cycle discussion, how would Keynesian economists explain the performance of the economy during\u00a0the last few years? Show graphically using the AD\/AS model, and explain your reasoning.<\/p>\n<p>Next, how would neoclassical economists explain the performance of the economy during\u00a0the last few years? Show graphically using the AD\/AS model, and explain your reasoning.<\/p>\n<p>Which interpretation makes the most sense to you? Why?<\/p>\n","protected":false},"author":32,"menu_order":239,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-481","chapter","type-chapter","status-publish","hentry"],"part":428,"_links":{"self":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/users\/32"}],"version-history":[{"count":1,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/481\/revisions"}],"predecessor-version":[{"id":482,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/481\/revisions\/482"}],"part":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/parts\/428"}],"metadata":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/481\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/media?parent=481"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapter-type?post=481"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/contributor?post=481"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/license?post=481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}