Questions tagged [keynes]

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Roosevelt’s Price Fixing in The Great Depression

Why didn’t Roosevelt’s method of fixing prices on labour and produce help the depression? If everyone was receiving a wage that allowed them to afford produce, wouldn’t that create a new equilibrium ...
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How is there full employment level at equilibrium level according to Keynesian theory(AD-AS approach)?

According to Keynesian theory :- Equilibrium level is the point at which Aggregate Demand curve intersects Aggregate Supply curve . And this point is termed as Full Employment Level How do we ...
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Keynesian model: large and small economies equilibrium

When a large economy adopts a contractionary fiscal policy, for example, and the exchange rates are mobile, there will be a devaluation in the local currency - but there will be no full return (of the ...
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IS-LM Effect of Change in Consumer Confidence

What is the effect of government reforms (unspecified) that decrease customer's confidence about their future wages (analysed using the IS-LM model)? I think that less confidence about future wages ...
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When can one read the general theory of employment,interest and money?

I am a first-year undergrad econ student and was interested in reading Keynes' book. in the preface, Keynes pointed out that the text deals in the abstract and is meant for his fellow economists. ...
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Keynesian consumption law not applicable in USA ?

I was looking at some numbers and saw that in USA in 2010 consumption was at 70% but savings were close to zero and that even places were there is high income savings are still low while the keynesian ...