I don’t understand this Economics question and need help to study.
Respond briefly to the following Questions and make comments to at least one posting by another fellow student.
Q1. What are key features of Keynesian Economic Systems as a distinct macroeconomic transformation from Classical form of Market Capitalism? Give an example in the context of US economic systems that changed in 1930s.
Q2. How does Marxism differs from Keynesian economic systems and what are key factors attributed to the failure of communist systems in Russia and China in 1980s?