How does neoclassical theory differ from Keynesianism?

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  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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