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Although not explicitly mentioned, John Maynard Keynes is considered a foundational source in the understanding of macroeconomics. After performing research outside the textbook, please explain
Although not explicitly mentioned, John Maynard Keynes is considered a foundational source in the understanding of macroeconomics. After performing research outside the textbook, please explain the basic principles of the New Keynesian Economics and how it addresses perceived limitations to classic Keynesian theory.
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