The economy was unstable due to a great depression that occurred in the 1930's. This was a time were the economy was unstable with a 25% unemployment rate. This was in definite a need to change. Kenesian models set forth to create a stable economy that would never reach another depression. His theories took America to higher levels after the 1940's.

Keynesian model because it can correct the recession quicker than if your economy is

"StickyaE? wages support the economist belief because the flexibility of reducing wages is not allowed. Upward flexibility can only occur. Also the economy is looked at in a short run perspective in order to prevent a deep recession. Short run perspective is important to the

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Approximate Word count = 1026
Approximate Pages = 4 (250 words per page double spaced)