What do Keynesians think cause fluctuations in output? What must be done to maintain full-employment capacity?

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Macroeconomics Private And Public Choice

ISBN: 9780357134009

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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Question Posted: Oct 06, 2023 10:01 AM

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What do Keynesians think cause fluctuations in output? What must be done to maintain full-employment capacity?

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Keynesians followers of the economic theories of John Maynard Keynes attribute fluctuations in output business cycles primarily to changes in aggregate demand rather than shifts in aggregate supply Th...View the full answer

Macroeconomics Private And Public Choice

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