Please keep each answer to 400 words or fewer. Aim to be over 300 for each. Footnote...

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Economics

Please keep each answer to 400 words or fewer. Aim to be over300 for each.
Footnote as necessary, I will grade primarily on relativemastery of the material and on critical thinking and analysis, butyes, quality of writing and grammar matter.
Make sure to think! The obvious is easy enough given that thisis a take-home, so fire some brain neurons, please.
QUESTION:
What would MacKay or Keynes â€” pick only one, please â€” argueabout the recent virus-induced shock to the economy? Ground youranswers in the relevant excerpts by these authors?

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4.2 Ratings (549 Votes)

For the analysis of the current situation let us consider the Keynesian theory of economics The Keynesian theory clearly deals with the outputdemand equations and its erratic behaviour especially during situations like recessions or externalities It states that at certain times the aggregate demand of the economy does not necessarily be equal to the productive capacity of the economy The concept was introduced during the great See Answer

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