
Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860
Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860 Exercise 33
Consider the following economic principles held by Classical economists: (1) Short-run problems are temporary glitches that are solved by the market; (2) The economy always returns to its potential in the long run; and (3) Unemployment is the result of institutional barriers to the market.
a.hat are Keynes's criticisms of these economic principles
b.hy did he believe that they were wrong (Post-Keynesian)
a.hat are Keynes's criticisms of these economic principles
b.hy did he believe that they were wrong (Post-Keynesian)
Explanation
a. According to Keynes if something is n...
Macroeconomics 9th Edition by David Colander
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255