What is the key assumption of the basic Keynesian model? Explain why this assumption is needed if

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What is the key assumption of the basic Keynesian model? Explain why this assumption is needed if one is to accept the view that aggregate spending is a driving force behind short-term economic fluctuations.

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Principles of Economics

ISBN: 978-0073511405

5th edition

Authors: Robert Frank, Ben Bernanke

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Question Posted: Dec 12, 2015 04:38 AM

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What is the key assumption of the basic Keynesian model? Explain why this assumption is needed if

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Principles of Economics

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