Explain what is the theory of effective demand and how Keynes used it to debunk the Classical

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Explain what is the theory of effective demand and how Keynes used it to debunk the Classical theory? (Hint: you must use a graph for supporting your argument a. What other economist talked about it?

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Posted Date: Feb 14, 2024 02:38 AM

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Explain what is the theory of effective demand and how Keynes used it to debunk the Classical

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The theory of effective demand as formulated by John Maynard Keynes challenged the classical economi... View the full answer

Principles of economics

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