Since the financial crisis, we are facing a secular stagnation - a period with a persistent stagnant economy and little economic growth. Some economists think it could be driven by lack of aggregate demand. What Keynesian (demand-side) arguments could be made for a “Four-Day Work- ing Week”, as a way to exit the secular stagnation?
Since the financial crisis, we are facing a secular stagnation - a period with a persistent stagnant economy and little economic growth. Some economists think it could be driven by lack of aggregate demand. What Keynesian (demand-side) arguments could be made for a “Four-Day Work- ing Week”, as a way to exit the secular stagnation?
Chapter20: Monetary Policy
Section20.A: Policy Disputes Using The Self Correcting Aggregate Demand And Supply Model
Problem 3SQP
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Since the financial crisis, we are facing a secular stagnation - a period
with a persistent stagnant economy and little
economists think it could be driven by lack of aggregate demand. What
Keynesian (demand-side) arguments could be made for a “Four-Day Work-
ing Week”, as a way to exit the secular stagnation?
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