[Related to the Making the Connection on page 564] John Maynard Keynes and John Hicks developed a model of the economy in which total output
[Related to the Making the Connection on page 564] John Maynard Keynes and John Hicks developed a model of the economy in which total output is determined solely by total spending with little or no consideration of the supply (production) side of the economy. Why would Keynes and Hicks writing during the Great Depression be likely to develop a model of the economy that focused only on total spending?
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