Describe the underconsumptionist explanation of recessions and some critiques of the theory.
-What is the main criticism of underconsumption?
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Q14: Explain why progressive economists argue that business
Q15: Explain why progressive economists argue that business
Q16: Explain why progressive economists argue that business
Q17: Explain why progressive economists argue that business
Q18: Describe the underconsumptionist explanation of recessions and
Q20: Describe the overinvestment theory of recessions and
Q21: Describe the overinvestment theory of recessions and
Q22: Describe the notion of virtuous and vicious
Q23: Describe the notion of virtuous and vicious
Q24: Why are Neoclassical economists often called "equilibrium
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