An economist who believes the economy is self-regulating is more likely to advocate laissez-faire than an economist who believes the economy is inherently unstable. Do you agree or disagree, explain your answer using appropriate diagrams.
An economist who believes the economy is self-regulating is more likely to advocate laissez-faire than an economist who believes the economy is inherently unstable. Do you agree or disagree, explain your answer using appropriate diagrams.
Chapter10: Kenesian Macroeconomics And Economic Instability: A Critique Of The Self Regulating Economy
Section10.3: The Simple Keynesian Model In The Ad-as Framework
Problem 3ST
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An economist who believes the economy is self-regulating is more likely to advocate laissez-faire than an economist who believes the economy is inherently unstable. Do you agree or disagree, explain your answer using appropriate diagrams.
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