Summary group C debate paper.docx THE CLASSICAL AND KEYNESIAN DEBATE PAPER ECO203: Principles of Macroeconomics Introduction The purpose of this paper is to evaluate the 2007 to 2009 financial crisis as a Keynesian economist. Describe the actions that lea

group C debate THE CLASSICAL AND KEYNESIAN DEBATE PAPER ECO203: Principles of Macroeconomics Introduction The purpose of this paper is to evaluate the 2007 to 2009 financial crisis as a Keynesian economist. Describe the actions that lead to the crisis and enumerate the steps, taken by the Feds, to emerge from it. In order to understand the theory of Keynesian we need to know its origin. John Meynard Keynes created Keynesian theory, and this theory believes in the intervention of the government to emerge from a recession and to stabilize during an inflation. The goal is to maintain aneconomical growth and low unemployment. The theory came because of the great depression to find solutions and prevention methods. Evaluate critically, as a classical or Keynesian economist, what caused the 2007 to 2009 financial crisis. The Financial crisis was a cause of several factors. It is believe