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True or false: keynes' law best applies to short time horizons that see fluctuations in total demand.

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Tundexiidn

It is a true statement that the Keynes law best applies to short time horizons which see fluctuations in total demand.

What is the Keynes law?

The Keynesian economic model is developed to adovate an increased government expenditures (spending) and lowering of taxes for stimulation of demand for getting an economy out of the depression.

The law of Keynesian model states that demand creates its own supply and any changes in aggregate demand will cause changes in real GDP and employment.

In conclusion, the statement that Keynes law best applies to short time horizons which see fluctuations in total demand is true.

Read more about Keynes

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