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  1. Keynesian economics

    Keynesian economics is the view that in the short run, especially during recessions, economic output is strongly influenced by aggregate demand. In the Keynesian view, aggregate demand does not necessarily equal the productive capacity of the economy; instead, it is influenced by a host of factors and sometimes behaves erratically, affecting production, employment, and inflation. The theories forming the basis of Keynesian economics were first presented by the British economist John Maynard Keynes in his book, The General Theory of Employment, Interest and Money, published in 1936, during the Great Depression. Keynes contrasted his approach to the 'classical' economics that preceded his book. The interpretations of Keynes that followed are contentious and several schools of economic thought claim his legacy. Keynesian economists often argue that private sector decisions sometimes lead to inefficient macroeconomic outcomes which require active policy responses by the public sector, in particular, monetary policy actions by the central bank and fiscal policy actions by the government, in order to stabilize output over the business cycle. Keynesian economics advocates a mixed economy – predominantly private sector, but with a role for government intervention during recessions.

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  1. keynesian economics

    Also known as demand side economics. The theory presented in the general theory of employment, interest and money 1936 by the british economist john Maynard keynes. Keynes noted that economics output depends upon aggregate demand, or total spending in the economy. During a recession or depression, the government can come to aid of the economy by government spending problems to bosst aggregate demand and thus economic output.

    Also known as demand side economics. The theory presented in the general theory of employment, interest and money 1936 by the british economist john Maynard keynes.

    Submitted by Taveelhassan on September 14, 2019  

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  1. Chaldean Numerology

    The numerical value of keynesian economics in Chaldean Numerology is: 3

  2. Pythagorean Numerology

    The numerical value of keynesian economics in Pythagorean Numerology is: 1

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  • కీనేసియన్ ఎకనామిక్స్Telugu

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