Question
Keynes is reported to have remarked that using an expansionary monetary policy to pull an economy out of a deep recession can be like 'pushing
Keynes is reported to have remarked that using an expansionary monetary policy to pull an economy out of a deep recession can be like 'pushing on a string'. Briefly explain what you think Keynes is likely to have meant.
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Business Statistics For Contemporary Decision Making
Authors: Ken Black
9th edition
978-1-119-3208, 9781119334781, 1119334780, 1119320895, 978-1119320890
