{"id":12284,"date":"2022-04-12T18:02:48","date_gmt":"2022-04-12T18:02:48","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/?post_type=chapter&#038;p=12284"},"modified":"2024-09-11T16:41:33","modified_gmt":"2024-09-11T16:41:33","slug":"module-9-discussion-keynesian-vs-neoclassical-economics","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/chapter\/module-9-discussion-keynesian-vs-neoclassical-economics\/","title":{"raw":"Module 9 Discussion: Keynesian vs. Neoclassical Economics","rendered":"Module 9 Discussion: Keynesian vs. Neoclassical Economics"},"content":{"raw":"Respond to the following prompts in a post with a minimum of 200 words, then comment on at least TWO other posts.\r\n<ul>\r\n \t<li>Thinking back to the business cycle discussion, how would Keynesian economists explain the performance of the economy during\u00a0the last few years? What has happened to aggregate demand? What evidence can you present to support this position?<\/li>\r\n \t<li>Next, how would neoclassical economists explain the performance of the economy during\u00a0the last few years?\u00a0What has happened to aggregate supply? What evidence can you present to support this position?<\/li>\r\n \t<li>Evaluate the evidence and decide which interpretation makes the most sense to you.\u00a0Explain your reasoning.<\/li>\r\n<\/ul>","rendered":"<p>Respond to the following prompts in a post with a minimum of 200 words, then comment on at least TWO other posts.<\/p>\n<ul>\n<li>Thinking back to the business cycle discussion, how would Keynesian economists explain the performance of the economy during\u00a0the last few years? What has happened to aggregate demand? What evidence can you present to support this position?<\/li>\n<li>Next, how would neoclassical economists explain the performance of the economy during\u00a0the last few years?\u00a0What has happened to aggregate supply? What evidence can you present to support this position?<\/li>\n<li>Evaluate the evidence and decide which interpretation makes the most sense to you.\u00a0Explain your reasoning.<\/li>\n<\/ul>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-12284\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Discussion Topic: Keynesian vs. Neoclassical Economics. <strong>Authored by<\/strong>: Steve Greenlaw and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":428269,"menu_order":25,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Discussion Topic: Keynesian vs. Neoclassical Economics\",\"author\":\"Steve Greenlaw and Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-12284","chapter","type-chapter","status-publish","hentry"],"part":12174,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/12284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/users\/428269"}],"version-history":[{"count":1,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/12284\/revisions"}],"predecessor-version":[{"id":12285,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/12284\/revisions\/12285"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/parts\/12174"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/12284\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/media?parent=12284"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/pressbooks\/v2\/chapter-type?post=12284"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/contributor?post=12284"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-macroeconomics\/wp-json\/wp\/v2\/license?post=12284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}