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to control inflation govt takes necessary steps
1 control high prices
2 issue low level of currerncy
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Keynesian economics failed to deal successfully with _____.?
high inflation during the 1970s
How much prices of goods and services are rising?
Inflation is where prices overall are rising. This is caused by the over printing of money by the Government.
Difference between keynesian model and AD-AS model?
Keynesian model is able to show how leakages and injections can influence the economy. AD-AS model is able to show changes in prices (inflation).
What is inflation-prone?
Inflation prone is tending toward rising prices and costs, usually accompanied by rising incomes.
What did Keynesian fail to deal successfully with?
High inflation during the 1970s. This is the correct Gradpoint/Novanet answer. ~Chris
Keynesian economics failed to deal successfully with _____.?
high inflation during the 1970s
inflation?
rising prices
What are the two main economic problems that keynesian economics seeks to address?
periods of depression and inflation.
How much prices of goods and services are rising?
Inflation is where prices overall are rising. This is caused by the over printing of money by the Government.
Difference between keynesian model and AD-AS model?
Keynesian model is able to show how leakages and injections can influence the economy. AD-AS model is able to show changes in prices (inflation).
What raised the most serious doubts about the effectiveness of Keynesian economics?
The combination of recession and high inflation in the 1970s
What did Keynesian fail to deal successfully with?
High inflation during the 1970s. This is the correct Gradpoint/Novanet answer. ~Chris
What is inflation prone?
Inflation prone is tending toward rising prices and costs, usually accompanied by rising incomes.
What is inflation-prone?
Inflation prone is tending toward rising prices and costs, usually accompanied by rising incomes.
Similarities existing in classical and Keynesian economics?
The two systems aim to achieve economic growth and prevent inflation.
What has the author Shozaburo Fujino written?
Shozaburo Fujino has written: 'A Neo-Keynesian theory of inflation and economic growth'
What is the Keynesian solution to recession?
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