While many schools of macroeconomic thought exist, the two major schools are arguably Austrian Economics and Keynesian Economics. Research these two schools of economic thought, and provide the following:
Identify at least 2 major thinkers of each school of economics, Austrian and Keynesian.
Identify at least 3 major differences between these two schools of economics regarding macroeconomic policy.
For each difference, thoroughly explain the (often) opposing viewpoint from each school, Austrian and Keynesian.
For each difference, state whether you agree with the Austrian principle or the Keynesian principle and why.
Parameters:
Submissions must be in a Word document format and submitted via this assignment in Moodle.
Submissions must be no more than 2 pages (excluding charts, graphs, or tables and references), double-spaced, in Times New Roman 12pt font.
The sources of your research must be referenced using APA citation guidelines.
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