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What is Keynesian economics?

What are the basis of Keynesian economics? How different is it fro...

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What is Keynesian economics?

What are the basis of Keynesian economics?
How different is it from more classical concepts?

Answer

Keynesian economics is based on theories from John Maynard Keynes from the mid-1930s. He pushed for increased government spending and lower taxes in order to stimulate demand. This was particularly important due to the recent economics effects of the great depression.

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Virtual Teaching Assistant: Jared M.
Question Level: Basic
Karma: Free
Upload Date: 6/20/2017

This 19 words question was answered by Jared M. on StudySoup on 6/20/2017. The question contains content related to Macro Economics and Business. Since its upload, it has received 148 views.

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