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We call the model of income determination developed in this chapter .pdf

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amirajsharma

The model of income determination developed in this chapter is called Keynesian. It is Keynesian because it differs from classical models of income determination. Keynesian economics focuses on aggregate demand and its effects on output and inflation.

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We call the model of income determination developed in this chapter a Keynesian one. What makes it Keynesian, as opposed to classical?

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We call the model of income determination developed in this chapter .pdf

  • 1. We call the model of income determination developed in this chapter a Keynesian one. What makes it Keynesian, as opposed to classical?