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Macroeconomics 10th Edition by Roger Arnold
Edition 10ISBN: 978-1111823016Macroeconomics 10th Edition by Roger Arnold
Edition 10ISBN: 978-1111823016 Exercise 20
Suppose it were proved that liquidity traps do not occur and that investment is not interest insensitive. Would this be enough to disprove the Keynesian claim that expansionary monetary policy isnot always effective at changing Real GDP? Why or why not?
Explanation
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The Keynesian aggregate demand curve has...
Macroeconomics 10th Edition by Roger Arnold
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