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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Does Keynesian economics require government to set controls on prices, wages, or interest rates?

To determine

Whether Keynesian economics requires government to set controls on prices, wages or interest rate.

Explanation

Keynesian economics requires government intervention in short-run in the form of government spending or tax-cut. But it does not require any microeconomic price controls of any sort...

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