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Meaning of Keynes effect | Babel Free

Noun CEFR B2

Definitions

The phenomenon in which a decrease in price level leads to a decrease in interest rates, provided there's no liquidity trap or interest-unresponsive expenditure.

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

Keynesian Keynesian beauty contest Keynesian cross Keynesianism Keynesianist keyness

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