Why is aggregate demand unstable in the absence of government stabilization policies in Keynes' view?

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Macroeconomics Theories and Policies

ISBN: 978-0132831529

10th edition

Authors: Richard T. Froyen

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Posted Date: Feb 22, 2024 12:27 AM

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Why is aggregate demand unstable in the absence of government stabilization policies in Keynes' view?

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In Keynesian economics aggregate demand refers to the total demand for goods and services in an economy at any given price level and time period Keyne... View the full answer

Macroeconomics Theories and Policies

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