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Essay Question Recession in some economies has caused high unemployment. At the same time high levels of national debt and substantial budget deficits have been

Essay Question

  1. Recession in some economies has caused high unemployment. At the same time high levels of national debt and substantial budget deficits have been experienced. This means that governments can no longer use Keynesian demand management policies to solve the problem of unemployment. To what extent do you agree with this conclusion?

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