School of thought

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Intros
Lessons
  1. The 3 School of Thoughts
    • Classical School of Thought
    • Keynesian School of Thought
    • Monetarist School of Thought
  2. Classical School of Thought
    • Self-regulated economy
    • Goes back to Full Employment
    • Money Wage is flexible
    • Little to no government intervention
  3. Keynesian School of Thought
    • Needs fiscal or monetary policy
    • Future expectations
    • Sticky money wage rates
    • Stays in Recession if no Aid
  4. Monetarist School of Thought
    • Self-regulated economy
    • Goes back to Full Employment
    • Quantity of money
    • Sticky money wage rates
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Examples