Question

Is it a logical contradiction to be a neoclassical Keynesian? Explain.

Short answer

The Neoclassical market analyst would advocate that no dynamic financial or money-related approach be led as it would just objective an increment in expansion, rather than an increment in GDP. Hence, while a Keynesian advocates government intervention for the short-term benefit, a Neoclassical would advise no form of intervention, keeping the long-term benefits in mind. Thus, it is sensibly problematic to be a Neoclassical Keynesian.

Step-by-step solution

Concept Introduction

The neoclassical perspective is the new economist's classical viewpoint of how the macroeconomy results.

A Keynesian financial analyst's perspective isn't viable with the traditional hypothesis. Consequently terminology astute, a Neoclassical Keynesian can't exist.

Explanation

The Keynesian financial analyst would advocate that the public authority goes to dynamic lengths to turn around the decrease in total interest. The Neoclassical business analyst would advocate that no dynamic financial or money-related strategy be directed as it would just goal an expansion in expansion, rather than an increment in GDP. Hence, while a Keynesian advocates government intervention for the short-term benefit, a Neoclassical would advise no form of intervention, keeping the long-term benefits in mind.

Final Answer

It is logically contradictory to be a Neoclassical Keynesian.