Answered: PostKeynesians stress the Keynesian…

PostKeynesians stress the Keynesian notion of fundamental uncertainty. How does fundamental uncertainty explain liquidity preference and invalidate Say’s law that supply creates its own demand?

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter15: Macroeconomic Policy, Economic Stability, And The Federal Debt

Section: Chapter Questions

Problem 6CQ

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