Keynesian economics - a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens
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June 15, 2013
No of pages / words:
4 / 1000
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The Keynesians withhold that the macro economic trend tends to restrict specific individual behaviors. The Political Economics and Economics developed since late 18th century hold to increase economy production through stimulating more production, but Keynesians feels that the decrease on the aggregate demand is the main cause for the economic recession...
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From such point onwards, Keynesian theory and other theories that was build on the Keynesian??s basis have been classified as part of the macroeconomics, which differs greatly from the microeconomics that focuses more on individual behaviors.
Keynes deemed that aggregate demand decides the level of production and employment...
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