Rational Expectation concept | Lucas model of income and employment | New classical theory | Keynes

Rational Expectation concept | Lucas model of income and employment | New classical theory | Keynes

In this video we discussed about New classical theory of income and employment , Criticism of Keynes theory of output and employment, Lucas model .

Topics covered :-
Keynesian theory of output and employment
Lucas model of output and employment in short run
Criticism of Keynesian theory on basis of stagflation


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