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雷达卡
1.`seems capable of remaining in a chronic condition of sub-nomal activity for a considerable period without any marked tendency towards recovery or towards complete collapse`(Keynes).This is what others have interpreted as Keynes `s argument that involuntary unemployment can persist as a equilibrium phenomenon.
2.In Mundell`s(2000) assessment,`had the major central banks pursued policies of price stability instead of adhering to the gold standard,there would have been no great Depression,no Nazi revoluton, and no World war 2`.
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