How do Keynesians counter the neoclassical argument that, in a recession, falling prices will restore demand for
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How do Keynesians counter the neoclassical argument that, in a recession, falling prices will restore demand for goods to the full employment equilibrium point?
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Keynesians argue that in a recession falling prices may not necessarily restore demand to f...View the full answer
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Related Book For
Economics An Introduction To Traditional And Progressive Views
ISBN: 9780765616685
7th Edition
Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers
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