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Keynes developed his theory during the height of the Great Depression. Since that time, the U.S. economy has gone through various recessionary periods, but, thankfully,
Keynes developed his theory during the height of the Great Depression. Since that time, the U.S. economy has gone through various recessionary periods, but, thankfully, has not dipped into a depressionary economic state.
Pick a policy that the U.S. government has employed over the past 80 years that is Keynesian-like and that has kept the U.S. economy from falling into a depression. Explain the actual policy, the impact that the policy had on the economy, and whether the policymakers followed through with appropriate Keynesian theory.
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