
Macroeconomics 8th Edition by David Colander
Edition 8ISBN: 978-0077398088
Macroeconomics 8th Edition by David Colander
Edition 8ISBN: 978-0077398088 Exercise 3
Consider the following economic principles held by Classical economists: (1) Short-run problems are temporary glitches that are solved by the market; (2) The economy always returns to its potential in thea. What are Keynes's criticisms of these economic principles?
b. Why did he believe that they were wrong? (Post-Keynesian)
b. Why did he believe that they were wrong? (Post-Keynesian)
Explanation
a. According to Keynes if something is n...
Macroeconomics 8th Edition by David Colander
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