How does neoclassical theory differ from Keynesianism?

  1. Explain how both see the market functioning
    1. What are the key differences?
    2. Does the market lead to equilibrium or instability?
  2. Explain neoclassical equilibrium vis-à-vis Minsky (Keynesian) financial instability hypothesis?
  3. What are their views on inflation and deflation— and how do they relate to aggregate supply and aggregate demand?
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