The building blocks of Keynesian analysis

agrega un archivo Financial Services

2023-03-16 20:30:06 -

Key points Keynesian economics is based on two main ideas. First, aggregate demand is more likely than aggregate supply to be the primary cause of a short-run economic event like a recession. Second, wages and prices can be sticky, and so, in an economic downturn, unemployment can result. The coordination argument states that downward wage and price flexibility...

0 Commentarios 0 Acciones 5054 Views 0 Vista previa