4. You have just been appointed to the president's Council of Economic Advisers. Write a short essay

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4. You have just been appointed to the president's Council of Economic Advisers.

Write a short essay explaining to the president the Keynesian view of why a market economy may be unable to generate the full-employment level of income. Be sure to explain why equilibrium may result at less than full employment.

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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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