Keynes effect
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English
[edit]Etymology
[edit]Named after English economist John Maynard Keynes.
Noun
[edit]Keynes effect (plural Keynes effects)
- (economics) The phenomenon in which a decrease in price level leads to a decrease in interest rates, provided there's no liquidity trap or interest-unresponsive expenditure.
Further reading
[edit]- Keynes effect on Wikipedia.Wikipedia