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KEy vs classical

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  • I believe that,effective demand signifies the money spent on the consumption of goods and services and on investment. The total expenditure is equal to the national income, which is equivalent to the national output. 
  • I believe that the economy is self regulating and should have nothing to do with the government and that  Classical economists which maintain the economy is always capable of acheiving the natural level of GDP.
  • I personally believe that the classical law is correct because the government doesn't need to be involved in the things you do to be right or successful. Two people that support Keynes are John Richard Hicks and Roy Forbes Harrod. Two people that support Classical are Irving Fisher and David Ricardo.
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