Question

Are you a Classical or Keynesian economist? Pick a perspective and defend.

If possible give sources

Answer 1

Classical economist

I will support this as

It tell us about free markets role of self regulation and that there is least role for government.

As demand and supply is very important for both consumer and producer thus this theory of economy is based on aissez-faire Or demand supply and a strong belief in the efficiency of free markets to generate economic development.

If there is more supply than demand is still remain same and the price of products goes down and when there is less supply than demand is Comapartive more and this Price increases in the market.

During time of recession demand is low and thus government intervention necessary according to Theory to create demand and supply cycle functional.