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Economics A Level

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Question:

What does Keynes Believe in terms of Recessions?

Author: go kys



Answer:

-Recessions make AD plummet. Keynes believes it took a Long Time for AD to Recover, as Prices and Wages respond Slowly. So that is why the Government needs to Step in, acting as the Boost for the Economy to be Operating well


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go kys
go kys