Buy custom 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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However, it is difficult to control money supply as the connection between aggregate demand and money supply is vulnerable and unpredictable. Instead of relying on the changes of money supply to affect the inflation, a better way would be directly controlling the interest rate.
The Keynesianism philosophy is reflected on demand management...
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That says to influence the production level by adjusting the aggregate demand level through fiscal policy. Some critics have it that the Keynesian demand management only cater for a short-term period, particularly not interested in the long-run, as a famous Keynesian statement ?°in the long-run, we are all dead?±...
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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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