Discuss how severe you think these problems are

Reference no: EM133336781

Question: One practical limitation with Keynesian economics is the challenge of implementing active economic policy quickly. One practical limitation of the Classical or Neoclassical model is that it suggests allowing the economy to self-correct in the long run, but recessions may last a very long time.

For each challenge (limitation), discuss how severe you think these problems are? Explain, and provide an example.

Reference no: EM133336781

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