Question: Using concepts, relationships, and models covered so far in ECN502, discuss the implications of implementing Keynesian policies to attain full employment equilibrium.

Using concepts, relationships, and models covered so far in ECN502, discuss the implications of implementing Keynesian policies to attain full employment equilibrium.

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9. What is meant by the statement, the context is only relevant to us if we understand what it is trying to say?

7. What does it mean when we say that the words we use to denote a situation set limits on the solutions we can create at a later point?

8. Give examples from your own everyday life that the reference point you use has significance for the actions you take.