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John Maynard Keynes is considered a foundational source in the understanding of macroeconomics.
John Maynard Keynes is considered a foundational source in the understanding of macroeconomics. After performing research outside the textbook, please explain in three well-structured paragraphs the basic principles of the New Keynesian Economics and how it addresses perceived limitations to classic Keynesian theory.
Please mention the sources and references.
Thanks.