Define the keynesian theory of the business cycle.
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In the Keynesian corner, Tyler Cowen examines the Keynesian theory of thebusiness cycle. According to theKeynesian model, substantial economic slumps come from falling aggregate demand—the sum of overall consumption, investment, and government spending within the economy.
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In the Keynesian corner, Tyler Cowen examines the Keynesian theory of thebusiness cycle. According to theKeynesian model, substantial economic slumps come from falling aggregate demand—the sum of overall consumption, investment, and government spending within the economy.
hope helps
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