mar 12, 1930 - Keynesian Econmics

Description:

Economic theory that agues that demand drives supply and that healthy economies spend or invest more than they save. To create jobs and boost consumer buying power during a recession, Keynes held that governments should increase spending, even if it means going into debt. Examples of this include Bennett's New Deal, essentially the governemnt injecting money into the economy in order to restart it.

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