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John Maynard Keynes Devised the Framework for Developing Policies to Avoid

question 103

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John Maynard Keynes devised the framework for developing policies to avoid future severe macroeconomic downturns.


Definitions:

Exchange Rate

The ratio at which one nation’s currency can be exchanged for another nation’s currency.

National Rate

A standard or average interest rate, unemployment rate, or other statistical measure that applies across an entire country.

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