Which Theory is that?

Which Theory is that?
  Copy


More Options: Make a Folding Card




Storyboard Description

This storyboard does not have a description.

Storyboard Text

  • The Classical Theory does not support government intervention.
  • The Keynesian Theory supports government intervention.
  • The government shouldn't be involved so that resources can be controlled by individuals and businesses in the marketplace
  • I think the government should be involved in order to control an economy's potential and actual output during a financial crisis.
  • I am supported by Thomas Malthus and David RIcardo.
  • I am supported by Irving Fisher and George Akerlof.
  • I believe Classical Economics is correct because it limits the intervention of the goverment and allows markets to operate without strict limits and regulation
  • Classical Economics - Laissez Faire approach -GS is not major market force -no regulation -supply creates its own demand
  • Keynesian Economics -Marketplace is imperfect -GS can jumpstart growth -Government policy can influence demand
  • Which Theory Is That? Stephanie Larrea
Explore Our Articles and Examples

Try Our Other Websites!

Photos for Class – Search for School-Safe, Creative Commons Photos (It Even Cites for You!)
Quick Rubric – Easily Make and Share Great-Looking Rubrics
abcBABYart – Create Custom Nursery Art