Asked by
Gissela Perdomo
on Oct 12, 2024
Verified
Keynesian economics focused on
A) equally at curing recessions and inflations.
B) mainly at curing inflations.
C) mainly at curing recessions.
D) curing hyperinflation.
Curing Recessions
Efforts and policies aimed at stimulating economic recovery and ending periods of economic decline.
Keynesian Economics
As formulated by John Maynard Keynes, this school believed the private economy was inherently unstable and that government intervention was necessary to prevent recessions from becoming depressions.
- Recognize the principal ideas fundamental to Keynesian economic theory, especially regarding the determination of investment.
- Investigate the influence of economic theories on fiscal and monetary policy strategies.
Verified Answer
JH
Learning Objectives
- Recognize the principal ideas fundamental to Keynesian economic theory, especially regarding the determination of investment.
- Investigate the influence of economic theories on fiscal and monetary policy strategies.