which are the elements of effective demand
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Hence the principle of effective demand is a property of Monetary Analysis and has three key elements: a propensity to consume less that unity, the marginal efficiency of capital and the rate of interest. Keynes (1936, p.
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Hence the principle of effective demand is a property of Monetary Analysis and has three key elements: a propensity to consume less that unity, the marginal efficiency of capital and the rate of interest. Keynes (1936, p.
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