John Maynard Keynes

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  1. What's the difference between microeconomics and macroeconomics?

    Microeconomics is generally the study of individuals and business decisions, macroeconomics looks at higher up country and ...
  2. What are some examples of expansionary fiscal policy?

    Learn about expansionary fiscal policy – tax cuts and government spending – that are used by governments to boost spending ...
  3. How does disposable income influence the marginal propensity to consume (MPC)?

    Learn about the relationship between disposable income and marginal propensity to consume in the classic Keynesian consumption ...
  4. How did John Maynard Keynes influence business cycle theory?

    Read about the impact of John Maynard Keynes on business cycle theory and the development of macroeconomics to study aggregate ...
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    Learn about the five typical steps of a bubble: displacement, boom, euphoria, profit ...
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