Explain how both see the market functioning What are the key differences? Does the market lead to equilibrium or instability? Explain neoclassical equilibrium vis-à-vis Minsky (Keynesian) financial instability hypothesis? What are their views on inflation and deflation— and how do they relate to aggregate supply and aggregate demand?.
- Explain how both see the market functioning
- What are the key differences?
- Does the market lead to equilibrium or instability?
- Explain neoclassical equilibrium vis-à-vis Minsky (Keynesian) financial instability hypothesis?
- What are their views on inflation and deflation— and how do they relate to aggregate supply and aggregate demand?