What is effective demand according to Keynes? How can there be a lack of effective demand?

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What is “effective demand” according to Keynes? How can there be a lack of effective demand?

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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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What is effective demand according to Keynes? How can there be a lack of effective demand?

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Effective demand is a key concept in Keynesian economics which was developed by the British economist John Maynard Keynes According to Keynes effectiv...View the full answer

Economics An Introduction To Traditional And Progressive Views

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