Q4. How would you contrast and compare the various approaches to dealing
with cyclical unemployment by Keynesian and neoclassical economics?
-Neoclassicals would suggest tax increases that stimulate productivity growth and labor demand. Keynesians would suggest increasing government spending.
-Both would suggest an increase in aggregate supply by increasing government spending.
-Neoclassicals would suggest doing nothing because the labor market will correct itself. Keynesians would suggest an increase in government spending.
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