Attached. Please let me know if you have any questions or need revisions.ECONOMICS1EconomicsStudent’s NameProfessor’s NameCourseDateECONOMICS DISCUSSION1. “YOU’RE THE ECONOMIST: Was John Maynard Keynes Right?” in Chapter 20. WasKeynes correct? Based on data in the sidebar, use the aggregate demand and aggregate supplymodel to explain Keynes’s theory that increases in aggregate demand propel an economy towardfull employment.John Maynard Keynes established the Keynesian theory, which posits that an increase inaggregate demand influences full employment, but prices and wages remain inflexible (Tucker,2019). Using this theoretical framework, Keynes emphasized the importance of thegovernment’s interventions in increasing its spending while reducing taxes. The objective was tostrengthen the economy by maximizing the aggregate demand curve and having the unemployedpersons positioned in jobs. The data indicated on …
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