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Lavoie, Marc | 1 |
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Dalziel, Paul; Lavoie, Marc – Journal of Economic Education, 2003
Suggests a method to teach John Keynes's principle of effective demand using a standard aggregate labor market diagram familiar to students taking advanced undergraduate macroeconomics courses. States the analysis incorporates Michal Kalecki's version to show Keynesian unemployment as a point on the aggregate labor demand curve inside the…
Descriptors: College Students, Course Content, Economics, Economics Education