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Business, 06.05.2020 01:00 trevorhenyan51

A basic conclusion of Keynesian analysis is that:

Small macro disturbances can lead to much larger macro problems.
The economy self adjusts to reach full employment and a stable price level.
Equilibrium GDP is consistent with full employment.
Equilibrium GDP is consistent with price level stability.

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A basic conclusion of Keynesian analysis is that:

Small macro disturbances can lead to m...
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