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book Macroeconomics 9th Edition by David Colander cover

Macroeconomics 9th Edition by David Colander

Edition 9ISBN: 978-0077501860
book Macroeconomics 9th Edition by David Colander cover

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)
Explanation
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a. According to Keynes if something is n...

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Macroeconomics 9th Edition by David Colander
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