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By the end of this section, you will be able to do the following: Evaluate the Keynesian view of recessions through an understanding of sticky wages and prices and the importance of aggregate demand; explain the coordination argument, menu costs, and macroeconomic externality; and analyze the impact of the expenditure multiplier.
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- Knovation Readability Score: 5 (1 low difficulty, 5 high difficulty)
- The intended use for this resource is Instructional