Determine the relevance of keynes views in south africa

Reference no: EM133435310

Question 1

Keynesians contend that because prices are rigid, changes In any aspect of spending, whether government investment, or consumer spending, affect production. For instance, if government expenditure rises but the other spending factors stay the same, production will rise. In your discussion, provide three arguments to evaluate Keynesian views on how the economy works.

Question 2

Write an essay of 1000 words based on three arguments to determine the relevance of keynes's views in South Africa or sudan during the COVID-19 period. In your discussion, evaluate how the Keynesian policies, both monetary and fiscal, were applied during the COVID-19 period. In your discussion, explain how the implementation of these policies was beneficial or detrimental to the country allocated to you in this assessment. Make sure to refer to only one of the countries indicated in the question.

Reference no: EM133435310

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