Question: Given the Keynesian explanation for the persistence of high levels
Given the Keynesian explanation for the persistence of high levels of unemployment after the recessions of the early 1980s and early 1990s, what policies would you advocate to reduce unemployment in the years following a recession?
Answer to relevant QuestionsFor what reasons do countries experience very different long-run rates of economic growth from each other?What is the significance of the term ‘endogenous’ in endogenous growth theory? What, according to this theory, determines the long-run rate of economic growth?Is deindustrialization necessarily undesirable?What factors will determine whether a country’s joining a customs union will lead to trade creation or trade diversion?Under what circumstances does a growth in financial flows make exchange rates less stable?
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