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"In fact, the confidence of the people is worth more than money." ~ Carter G. Woodson
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The history of fashion
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Similar ideas to Keynesian Economics And Effective Demand
John Maynard Keynes (1883-1946) was interested in the level of national income and the volume of employment rather than in the equilibrium of the firm or the allocation of resources.
He was still concerned with the problem of demand and supply, but “demand” in the Keynesian model means the...
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