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Keynes effect. In DICTIOUS you will not only get to know all the dictionary meanings for the word
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English
Etymology
Named after English economist John Maynard Keynes.
Noun
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