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PostKeynesians stress the Keynesian notion of fundamental uncertainty. How does fundamental uncertainty explain liquidity preference and invalidate Say’s law that supply creates its own demand?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter16: Expectations Theory And The Economy

Section: Chapter Questions

Problem 4QP

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PostKeynesians stress the Keynesian notion of fundamental uncertainty. How does fundamental uncertainty explain liquidity preference and invalidate Say’s law that supply creates its own demand?

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