Describe how Keynes built an entirely new view of aggregate supply and demand in which an economy may not automatically recover from a recession.
-How do Keynesians counter the neoclassical argument that in a recession, falling wages and salaries will restore demand for labor to the full employment equilibrium point?

Question

Quizplus · Accepted Answer

The Answer of Describe how Keynes built an entirely new view of aggregate supply and demand in which an economy may not automatically recover from a recession.
-How do Keynesians counter the neoclassical argument that in a recession, falling wages and salaries will restore demand for labor to the full employment equilibrium point?

Describe How Keynes Built an Entirely New View of Aggregate