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Discuss the concepts of John Maynard Keynes and Milton Friedman.
Please address the following questions:
[A] Differentiate the way Keynes and Friedman approach the economy. Determine the key differences and similarities?
[B] If Keynes argues for a role for government policies in the economy what is that role and why does Friedman argue against it?
[C] According to the ideas, describe with which of the two economists do you agree more and explain why.
Current economic theory and their application or lack of application to contemporary economic problems
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