61 817
Assignments Done
98%
Successfully Done
In May 2018

Answer to Question #967 in Macroeconomics for Fahim Mahmud

Question #967
According to Keynes, a decrease in Consumption is not necessarily matched by a proportionate increase in investment.

a) Why might this be the case? Explain the answer by contrasting Keynesian approach with the Classical approach.

b) According to Keynes, what will happen to the AD curve if Saving rises, ceteris paribus? (Will there be a shift or will the AD curve remain unchanged?)
Expert's answer
Your question requires a lot of work and can be submitted as an assignment to our site. Just follow this link and our experts will assist you.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions