Why Did Keynes's Conjectures Hold Up Well in the Studies

question 115

Essay

Why did Keynes's conjectures hold up well in the studies of household data and short time-series, but fail when long time-series were examined?

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Definitions:

Dispersion Forces

Weak intermolecular forces of attraction, also known as London dispersion forces, arising from temporary shifts in electron density in nonpolar molecules.

General Formula

A representation of the composition of any member of a family of compounds, illustrating a common structural feature among them.

Cyclic Alkanes

Alkanes that contain a ring of carbon atoms in their molecular structure, differing from straight-chain alkanes.

Cyclohexane

A cycloalkane with the molecular formula C6H12, it is a colourless, volatile liquid with a distinct odor, primarily used as a nonpolar solvent.