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Consumer saving - PowerPoint PPT Presentation

Keynesian Economics

Keynesian Economics. According to John Maynard Keynes: in the short-run, the level of GDP is determined primarily by demand. Keynesian Consumption Function. The relationship between consumer spending and income, in the short-run, has two parts: C = C a + by C = Consumption Spending;

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Consumer saving - PowerPoint PPT Presentation

Keynesian Economics