Discuss how Keynes refuted Say's law.
-How did Keynes explain that aggregate production and aggregate spending might not be equal? What happens if aggregate production is greater than aggregate spending?
Correct Answer:
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Q1: Whats defention of terms:
-effective demand
Q2: Whats defention of terms:
-Keynesian cross
Q3: Whats defention of terms:
-leakage
Q4: Explain and give examples of how a
Q5: Explain and give examples of how a
Q7: Discuss how Keynes refuted Say's law.
-Why does
Q8: Describe how Keynes built an entirely new
Q9: Describe how Keynes built an entirely new
Q10: Describe how Keynes built an entirely new
Q11: Describe how Keynes built an entirely new
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