Keynesian Influence
Keynesian ideas continue to be pervasive in mainstream economics textbooks, particularly in the macroeconomics section. The model of ISLM and concepts like price and wage rigidities are still commonly used to explain aggregate demand and fluctuations in output and the labor market. Even alternative views like the real business cycle model often emerge in response to or in opposition to Keynesianism.In this clip
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Ricardo Reis on Keynes, Macroeconomics, and Monetary Policy
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