Question: 6. according to the analysis of the british economist john maynard keynes O markets coordinate supply and demand so that a policy of laissez-faire

6. according to the analysis of the british economist john maynard keynes

6. according to the analysis of the british economist john maynard keynes O markets coordinate supply and demand so that a policy of laissez-faire would prevent recessions. economic fluctuations were the cumulative result of mistakes made by businesses and households in an uncertain world. O government demand could be used to smooth fluctuations in aggregate output and income. O supply creates its own demand through the circular flow of economic activity.

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