Economic theories and models are not stagnant and adjust to reflect changing conditions. What are your observations on the evolution of macroeconomic…
Economic theories and models are not stagnant and adjust to reflect changing conditions. What are your observations on the evolution of macroeconomic theory and models over time? The Crash Course video linked below provides a quick overview of the evolution of economic models. After listening to it and reading Chapter 33 of your text, discuss the Great Modernization consensus (or New Neoclassical Synthesis) and how […]