The famous British economist John Maynard Keynes championed the idea of using expansionary fiscal policyrunning large budget
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The famous British economist John Maynard Keynes championed the idea of using expansionary fiscal policy—running large budget deficits—during economic recessions. He also did not, however, consider expansionary fiscal policy as a means to increasing economic growth over time. Use the AD-IE model to explain his position.
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Related Book For
Principles Of Macroeconomics The Way We Live
ISBN: 978-1429220200
1st Edition
Authors: Susan Feigenbaum ,R. W. Hafer
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