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Keynesian and Classical Economic TheoryEssay Preview: Keynesian and Classical Economic TheoryReport this essayJazmin Villegas HernandezMr. OwenMacroeconomicsMarch 20, 2019Keynesian and Classical Economic TheoryWhat is the Keynesian economic theory? The Keynesian economic theory is an economic theory of total spending in the economy and its effects on output and inflation. What is Classical economic theory? The classical.