Macroeconomics â€“ Week #6 Assignment
The Importance of Competition
After reading chapters 11, 12, and Special Topic 4, write a 2-page paper describing the economic viewpoints and theories of John Maynard Keynes. What were his views of the causes recessions and solutions to fixing them? In his view, what place did government have to improve markets? What does the concept of “crowding out” mean in all of this?