Keynesian theory of consumption function, Managerial Economics


The theory was developed during the Great Depression which plagued Europe and America.  During this time, there was excess capacity and idle resources and no effective demand i.e. people were unemployed and had no purchasing power.  The determination of aggregate demand, then, was of crucial significance in Keynes analysis.

Posted Date: 11/28/2012 6:22:58 AM | Location : United States

Related Discussions:- Keynesian theory of consumption function, Assignment Help, Ask Question on Keynesian theory of consumption function, Get Answer, Expert's Help, Keynesian theory of consumption function Discussions

Write discussion on Keynesian theory of consumption function
Your posts are moderated
Related Questions
Theory of Capital and Investment:  Theory of Capital and Investment evinces the below significant issues:  Selection of a viable investment project Efficient allocatio

a) The following would most likely shift a production possibilities curve to the right? b) Money should not be considered an economic resource ? c)  Which of the following is

gap between economic theory and business practice

THE MONETARY ACCOUNT Also called official financing, this comprises the financial transactions of the government (handled by the central bank) needed to offset any net outflow

Your discussion assignment this week is associated with the Pilgrim Bank case. Using the attached file, answer the following questions: A. Is there a difference in profitability ac

Question 1. Discuss the practical application of Price elasticity and Income elasticity of demand Question 2. Discuss profit maximizing model in detail Question 3. Descr

Perfectly Inelastic (Zero Elastic) Supply Supply is said to be perfectly inelastic if the quantity supplied is constant at all prices.  The supply curve is a vertical straight

The comparability principle Associations representing workers providing services - clerical, postal, teaching, etc. - have always attempted to  apply the "principle of comparab

Q. Illustrate the sources of monopoly? Merger for Large-scale Production: Thirdly monopoly undertaking can be a consequence of the necessity to produce on a large scale to de

Topic:  Company Case Study and Industry Analysis   Instruction:  1) choose a company;                     2) recognize the market industry type;                     3)