Keynes Did Not Agree with the Way the Classical Economists

question 89

Essay

Keynes did not agree with the way the Classical economists described the workings of the economy.What was the essence of his thinking?

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Definitions:

Intrinsic Motivation

Refers to the internal drive to undertake an activity for its own sake, due to interest, enjoyment, or personal satisfaction.

Quantity Of Performance

A measure of the amount of work completed within a given time frame, often used to gauge productivity.

Quality Of Performance

The degree to which a task is completed with accuracy, efficiency, and adherence to standards.

Extrinsic Rewards

Rewards from an external source, often used as motivation, such as money, grades, or praise.