"Swedish Social Democracy Model" (1 jan 1945 ano – 1 jan 1975 ano)

Descrição:

Sweden started becoming a welfare state right after the war by providing social insurance, basic social policies, management to avoid economic volatility, and so on.
They welcomed deficit spending of 2%-3% to help with unemployment and used fiscal policy to sustain economic activity while using monetary policy to keep prices from falling or rising too much (active monetary management)

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