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28 February, 10:20

The keynesian economic framework is based on an assumption that

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  1. 28 February, 10:21
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    The assumption is that prices and wages are sticky and do not adjust rapidly
  2. 28 February, 10:25
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    The Keynesian Economic Framework is based on an assumption that prices and wages are sticky and do not adjust rapidly. The Keynesian framework was developed by British economist John Maynard Keynes in the 1930’s. John Maynard Keynes studded how increasing government expenditures and lower taxes can be used to stimulate demand. If they use these to stimulate demand and the demand for items rise, then it could end depression for the global economy.
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