Keynesian model (凯恩斯模型)

Keynesian model (凯恩斯模型 kǎi’ēnsī móxíng) is a macroeconomic economic theory based on John Maynard Keynes‘s proposition. The model assumes that prices and wages are sticky in the short term. Hence, the economy cannot always fully employ the resources and stay at the natural level of real GDP. Instead, the aggregate demand determines all economic consequences.

  • 凯恩斯 (kǎi’ēnsī) is the transliteration of the name Keynes.
  • (mó) as in pattern ( móshì) or imitation (仿 mófǎng).

Keynesian model (凯恩斯模型 kǎi’ēnsī móxíng) word examples:

  1. Model (模型 móxíng) as in an architecture model (建筑模型 jiànzhú móxíng).
  2. Keynesian theory (凯恩斯理论 kǎi’ēnsī lǐlùn).
  3. Keynesian economics (凯恩斯经济学 kǎi’ēnsī jīngjì xué or 凯恩斯主义经济学 kǎi’ēnsī zhǔyì jīngjì xué).
  4. Keynesian cross (凯恩斯交叉 kǎi’ēnsī jiāochā).
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