Economist John Maynard Keynes described people as having Animal Spirits, meaning that when individuals feel insecure about
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Economist John Maynard Keynes described people as having “Animal Spirits,” meaning that when individuals feel insecure about their job or income source they become more reserved and as a result accidentally cause negative outcomes to an economy. Describe how when individuals feel insecure it can create a “ripple effect” through the economy.
Related Book For
The Economics of the Environment
ISBN: 9780321321664
1st edition
Authors: Peter Berck, Gloria Helfand
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