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Keynesianism: The Macroeconomics of Wage and Price Rigidity (Ch. 11 Study Notes)

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Classical Model and Keynesian Model

Labor Force and Unemployment

Unemployment: Minimum Wage Laws and Efficiency Wages

Monetary Policy and Aggregate Demand

Introduction to Fiscal Policy

Government Purchases and the Multiplier Effect

Taxes, the Multiplier Effect, and Automatic Stabilizers

The Financial Crisis of 2007-2009 (The Great Recession)