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62
Why did Temin ultimately side with the Keynesian interpretation?
Since interest rates fell and the Keynesian approach accounts for that, they are correct. For Monetarists to be correct, the interest rate would have had to rise.
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 11.12.2010