Elucidate what is meant by a liquidity trap in the keynesian
Keynesian demand for money and liquidity trap.
1. Explain the 3 Keynesian demands for money.
2. Elucidate what is meant by a "liquidity trap" in the Keynesian model.
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Elucidate what is meant by a "liquidity trap" in the Keynesian model.
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Elucidate the derivation of the Keynesian upward sloping AS curve. How does this differ from the classical AS curve.
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