5. How can the Keynesian model be correct? According to Keynes, falling income, unemployment, and bad times
Question:
5. "How can the Keynesian model be correct? According to Keynes, falling income, unemployment, and bad times result because people have so much income that they fail to spend enough to buy all of the goods produced. Paradoxically, rising income and good times result because people are reducing their savings and spending more than they are making. This doesn't make sense." Explain why you either agree or disagree with this view.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Rustia Melrod
I am a retired teacher with 6 years of experience teaching various science subjects to high school students and undergraduate students. This background enables me to be able to help tutor students who are struggling with the science of business component of their education. Teaching difficult subjects has definitely taught me patience. There is no greater joy for me than to patiently guide a student to the correct answer. When a student has that "aha!" moment, all my efforts are worth it.
The Common Core standards are a useful yardstick for measuring how well students are doing. My students consistently met or exceeded the Common Core standards for science. I believe in working with each student's individual learning styles to help them understand the material. If students were struggling with a concept, I would figure out a different way to teach or apply that concept. I was voted Teacher of the Year six times in my career. I also won an award for Innovative Teaching Style at the 2011 National Teaching Conference.
4+ Reviews
10+ Question Solved
Related Book For 
Economics Private And Public Choice
ISBN: 9780123110404
2nd Edition
Authors: James D Gwartney; Richard Stroup; A H Studenmund
Question Posted:
