Economic growth, technical advance, and expansion of size

Reference no: EM1373521

Question1: Please describe how do Keynesian and Real Business Cycle economists differ on right response to Japanese stagnation? On what sorts of issues might they be able to agree?

Question2: Describe why after such unprecedented economic growth, technical advance, and expansion of the size and scope of government since the 1930's do economies still experience economic cycles and stagnation.

Reference no: EM1373521

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