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What is Keynesian Model?
The Keynesian Model is a theory in Economics which holds that the economy generally fails to employ all the technology and resources that are available and the government has to intervene regularly with its active monetary and fiscal policies in order to move the economy to the direction of full employment.
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Decoding its importance
The Keynesian Model has gained a very important place in Economics. It is considered to be one of the basic Economic models and is used to analyze consumption level at varied levels of disposable income.
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