How do Keynesians counter the neoclassical argument that in a recession, falling interest rates will restore demand
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How do Keynesians counter the neoclassical argument that in a recession, falling interest rates will restore demand for loans for new investment to the full employment equilibrium point?
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Neoclassical economists argue that in a recession falling interest rates will eventually restore demand for loans for new investment to the full employment equilibrium point This is because lower inte...View the full answer
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Related Book For 
Economics An Introduction To Traditional And Progressive Views
ISBN: 9780765616685
7th Edition
Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers
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