Keynes Development of Macroeconomics To what extent was Keynes macroeconomics development a product of the specific circumstances of the Great Depression? Assess the extent to which it continues to be relevant.
Assess the extent to which it continues to be relevant. – (Question). Keynesian economics is an economic theory of total spending in the economy and its effects on output and inflation.
Keynesian economics was developed by the British economist John Maynard Keynes during the 1930s in an attempt to understand the Great Depression.
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