New Classical vs New Keynesian Economics | Key Differences Explained

Understand the key differences between New Classical Economics and New Keynesian Economics in a simple and clear way. This video covers market clearing, expectations, unemployment, government policy, and business cycles in both approaches. Perfect for economics students, UPSC, NET, and university exams.

📌 Topics Covered:

Market clearing assumptions

Role of expectations

Voluntary vs involuntary unemployment

Government policy effectiveness

Causes of business cycles
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✅ Tags

New Classical vs New Keynesian, difference between New Classical and New Keynesian, New Classical Economics, New Keynesian Economics, economics theories, macroeconomics, business cycles, government policy economics, market clearing, unemployment economics, rational expectations, sticky wages, real business cycle theory, demand shocks, UPSC economics, NET economics, exam preparation economics

Видео New Classical vs New Keynesian Economics | Key Differences Explained канала ECONOMIA