How does the assumption of a fixed price level in the Keynesian expenditure model solve the problem

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How does the assumption of a fixed price level in the Keynesian expenditure model solve the problem of distinguishing between changes in the real value of a variable (such as GDP) and changes in its nominal value?

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Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

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Question Posted: Jan 20, 2023 01:36 AM

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How does the assumption of a fixed price level in the Keynesian expenditure model solve the problem

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