How do Keynesians counter the neoclassical argument that, in a recession, falling prices will restore demand for

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How do Keynesians counter the neoclassical argument that, in a recession, falling prices will restore demand for goods to the full employment equilibrium point?

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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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Question Posted: Nov 10, 2023 10:10 PM

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How do Keynesians counter the neoclassical argument that, in a recession, falling prices will restore demand for

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Keynesians argue that in a recession falling prices may not necessarily restore demand to f...View the full answer

Economics An Introduction To Traditional And Progressive Views

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