Keynes effect en · NOUN
Etymology
Named after English economist John Maynard Keynes.
Meanings
- 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.
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| Keynes effects | Number=Plur | lexicographic |