Re: Re: Why no more Getzens?


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Posted by John Maynard Keynes on December 15, 2003 at 23:53:47:

In Reply to: Re: Why no more Getzens? posted by on December 15, 2003 at 23:42:37:

Changes in aggregate demand, whether anticipated or unanticipated, have their greatest short-run impact on real output and employment, not on prices.

Id est, not enough demand for a tuba or too much demand can be bad.

It is both very simple and very complicated.

The good news:

Some other manufacturer of tubas and the like will surely "re-invent the wheel" soon enough...




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