Thinking of the Classical and/or Keynesian macroeconomic models, the Obama administration's economists requested Congress to approve the stimulus package. Why?

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Divya SinghLv10

28 Sep 2019

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thoughts on Classical Model and Keynesian Model. What assumptions about economic behaviors and economic policies are implemented in the U.S. economy today? Have you gained a better understanding of why the Obama administration's economists requested Congress to approve the "stimulus package"? Do you have any alternative proposals for economic growth (or criticisms of the current policies)? Note: These questions intend to get you started in your discussionâto make you think. Use one or two of them to get yourself started in relating the models to current economic policies. You will no doubt have your own questions to discuss as well. In order to receive full credit for this discussion, you need to post (1) an answer of at least 100 words to at least one of the questions below, and (2) a substantive response of at least 50 words to a comment on this discussion board posted by another student. A substantive response is more than just saying you agree or disagree. Explain why.

Relate the Classical and/or Keynesian macroeconomic models to today's U.S. economy.