Business, 04.01.2021 19:20, coolkiddKC

The classical view of the economy holds that transitions to full employment are relatively quick.1. Under what condition(s) can an economy make a relatively quick and easy transition to full-employment level of output?2. The Keynesian view of the economy holds that transitions to full employment can be extremely slow. What condition(s) would keep an economy from moving back to full employment quickly and easily?

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The classical view of the economy holds that transitions to full employment are relatively quick.1....