This man claimed that Say's Law, the classical economic concept that excess supply creates its own demand, was invalid; the intersection of aggregate demand as a function of output and the line representing the equality of aggregate demand and output is called this man's namesake "cross."
This man claimed that Say's Law, the classical economic concept that excess supply creates its own demand, was invalid; the intersection of aggregate demand as a function of output and the line representing the equality of aggregate demand and output is called this man's namesake "cross." This economist called for governments to counter cyclical unemployment, and claimed that the reparations imposed on Germany would lead to hyperinflation and economic stagnation in Economic Consequences of the Peace. For 10 points, name this British economist whose General Theory of Employment, Interest, and Money advocates stimulus spending.
This man claimed that Say's Law, the classical economic concept that excess supply creates its own demand, was invalid; the intersection of aggregate demand as a function of output and the line representing the equality of aggregate demand and output is called this man's namesake "cross."
John Maynard Keynes