Write a long paragraph (10-15 sentences)-commenting on the evolution and implementation of Keynesian Macroeconomic policies and your understanding from having read the final chapters on Fiscal and Monetary policies discussed in Mankiw’s textbook (16, 17, 20-22).

Write a long paragraph (10-15 sentences)-commenting on the evolution and implementation of Keynesian Macroeconomic policies and your understanding from having read the final chapters on Fiscal and Monetary policies discussed in Mankiw’s textbook (16, 17, 20-22). Specifically, cite historical examples of effective Keynesian policies as they have been enacted -from the Great Depression to the Great 2007-09 Recession of the financial system. Explain why Keynesianism did not particularly work well during the 70s stagflation. Why do you think Keynesian policies proved not to be effective at the time and the economic reasoning behind this that vindicates Keynes. Try to follow your reasoning logically in relation to what the fiscal policy tool-expansionary or contractionary aims at achieving in the macro economy in terms of FE (full-employment) levels of GDP .This third and last forum participation is worth 50 points. You may cite sources in your narrative (in-text citations) that you might have researched to support your claims. If you plagiarize the input from any classmate even slightly, you will receive an automatic zero as this assignment will detect it. Respond knowledgeably to at least one to your classmates by showing relevance to research.

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