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Macroeconomics 8th Edition by David Colander
Edition 8ISBN: 978-0077398088Macroeconomics 8th Edition by David Colander
Edition 8ISBN: 978-0077398088 Exercise 1
The opening quotation of the chapter refers to Keynes's view of theory.
a. What do you think he meant by it?
b. How does it relate to the emphasis on the "other things constant" assumption?
c. Do you think Keynes's interest was mainly in positive economics, the art of economics, or normative economics ? Why?
a. What do you think he meant by it?
b. How does it relate to the emphasis on the "other things constant" assumption?
c. Do you think Keynes's interest was mainly in positive economics, the art of economics, or normative economics ? Why?
Explanation
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Aggregate demand is equal to the overall...
Macroeconomics 8th Edition by David Colander
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