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Contrast Friedmans and the keynesian views of the relationship between real output (or employment) and aggregate...

Contrast Friedmans and the keynesian views of the relationship between real output (or employment) and aggregate demand in both the short run in the long run. Contrast the conclusions that Friedman in the Keynesian draw from this analysis of the aggregate demand-output relationship for the usefulness of activist policies to stabilize output and employment. To what degree do differences in theoretical analysis explain the differences in policy conclusions

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