Sunday, December 20, 2015

circuit — Loanable Funds Theories: Classical vs Keynesian

One of the biggest fallacies in macroeconomics and macro policy is the idea that the interest rate is determined by the intersection of the upward sloping supply curve of (desired) savings and downward sloping curve of (desired) investment....
Fictional Reserve Barking
Loanable Funds Theories: Classical vs Keynesian
circuit

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