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Why is the Keynesian aggregate expenditure model still relevant today? Multiple choice question. It explains why increasing interest rates during a down-turn can be beneficial.
Why is the Keynesian aggregate expenditure model still relevant today? Multiple choice question. It explains why increasing interest rates during a down-turn can be beneficial. It shows how prices are flexible and that the economy can self adjust. It helps us understand why unemployment decreases during a recession. It helps explain the thinking underlying the federal government's stimulus programs during a recession
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