ECS3705 Study unit 7

Chapter 21: The Keynesian 1. Write an essay on the Keynesian economics, in which you pay attention to at least the following aspects:  The major tenets of Keynes’s economics - Macroeconomic emphasis. Keynes and his followers concerned themselves with the determinants of the total or aggregate amounts of consumption, saving, income, output, and employment. They were less interested, for example, in how an individual firm decides on its profit-maximizing level of employment than in th...