You believe that government intervention and fiscal policies can help stabilize the economy, reduce unemployment, and promote growth during economic downturns.
Keynesianism is a political and economic ideology that emerged from the works of the British economist John Maynard Keynes. It is primarily centered around the belief that government intervention is necessary to ensure economic stability and prevent recessions. Keynesianism was developed during the Great Depression in the 1930s, a period of severe economic downturn and high unemployment rates. Keynes argued that during such periods, consumer demand tends to decrease, leading to a decrease in production and further unemployment.
To counter this, Keynes proposed that the government sho…
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How would you feel about the government stepping in to boost the economy during tough times?
@9H46CJFNew Zealand First8mos8MO
I think the government should provide socialist stuff when it can afford to, and slow down with this in a recession
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