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Keynesian |
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KeynesianReferring to models of the aggregate economy based on ideas stemming from Keynes (1936). Keynesian models depart from neoclassical assumptions primarily by allowing for disequilibrium in labor markets, with aggregate employment and output being determined instead by aggregate demand.Similar MatchesKeynesian economicsKeynesian economicsAn economic theory of British economist, John Maynard Keynes that active government intervention is necessary to ensure economic growth and stability. |
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