Keynesianism Hoodie
*noun*; a school of economic thought prevalent after World War 2; around 1980, Keynesianism was supposedly superseded by monetarism, and then by the rational expectations hypothesis. Theory is named for John M. Keynes (1881-1946), who argued against the then-mainstream view that the economy was "self correcting." Keynes' book introducing his economic theory was The General Theory of Employment, Interest, and Money (1936). *Basic Concept* _______________________________________ The basic concept of Keynesianism is that each economy has a level of aggregate demand, which does not respond to price or income levels in the same way that classical economics says it should. Rising income, for example, *does not* lead to a matching increase in consumption or business investment. Business investment is driven by investment opportunity, not {only] by interest rates. Savings is driven by liquidity preference, not only by interest rates. Keynes suggested that, for any economy, there was a marginal propensity to consume that was less than one. Hence, if the national income rose by 10%, consumption would rise by something less than 10%. This would lead to some production not being consumed, waste, and unemployment. *What Keynesianism Says We Should Do* _______________________________________ In 1936, when Keynes wrote *The General Theory*, most of the world was suffering from the Great Depression. Keynes recommended that the national government stimulation aggregate demand through a policy of deficit stimulus. In other words, the country should create adequate levels of aggregate demand by spending more than it took in as taxes (fiscal policy). Also, Keynesianism held that aggregate demand could be stimulated *up to a point* by lowering interest rates (monetary policy). *Application* _______________________________________ In the USA and other large industrial countries, fiscal and monetary policy has been attempted often. After 1980, the Federal Reserve chair (Paul Volcker) was a monetarist, who claimed to reject Keynesianism. Nobel laureates in economics almost unanimously attacked Keynesianism as outmoded and wrong-headed, but governments continue to use fiscal stimulus and interest rate cuts in response to recessions.
The Urban Dictionary Hoodie
Customer Reviews
Pretty good It isn’t very hot and sweaty but other than that it is pretty good
TO THOSE ASKING, YES, THE GORGEOUS MAN COMES WITH THE SWEATSHIRT BUTTTT YOU HAVE TO PAY 100 TIMES MORE THAN ASKING!
Better then Gucci and LV I bought 3 of these and omg I’m done it’s literally the best hoodie I have ever worn.Its so good that I think the hoodie give me powers like Shaggy.I hope this becomes better than any other brand that’s how good it is.
Orderd a large hoodie about two years ago and the print in still holding up. I recently order a XL just do to the fact that the original has shrunk a little. The new hoodie is made with thicker material and fits perfect. I recommend ordering one size up.
Hahaha hoodie says cum dump and I wore it in public
Question… does that gorgeous man come with the sweatshirt? I will gladly pay 100 times more than asking!
bro my dog started barking when I wore this hoodie, he started talking in spanish and was like "Aiiiiii te ves sexy ¿Puedo conseguir tu número?" and then he did the stanky leg before he packed his bags and got 3 tickets to bikini bottom. I asked him who the other 2 people were and he told me "nah i just tryna sleep". Had to respect the dog, he got that dog in him. but yeah the hoodie was warm
made me look like the gyatt rizzler,the girls loved it!!!
It was softer than expected! Great fit for me, I love the way it wears. It is my favorite sweatshirt
Size adult medium unisex was a perfect fit. Shirt was very soft. Could be a bit thicker for the price.
Very expensive for just a word on a sweatshirt, but my son was thrilled with it.
I kinda liked it.
Excellent It's the best only that accessibility to my home town Kampala Uganda seems to be honestly had.I just wish.I would get also things like Mugs,T shirts ,Personelised pens.Different colours.
Quality This is the highest quality product
Just amazing I started browsing on the urban dictionary for the best most exquisite word I could find. And lo and behold I found this! This word, or words fit so perfectly on the sweatshirt it to like it was made to be. The comfy and soft material truly hugs your body and makes you not want to get up Or do anything. 10/10
I LOVE THIS HOODIE!! It’s very comfortable, the writing seems like it’ll last for more than a few washes. Something to consider is embroidery! That’ll make your products stand out from just a regular hoodie with printings. Worth every dollar.
Mr Tulppo Is next This hoodie is my favorite article of clothing
Would be South better to have the definition on it as well like we used to be able to customize tshirts, sweats or mugs especially at the higher prices…
Absolutely brilliant my Argentinian son wi be very pleased
My boy like the hooded attire.