Question

Assignment on j.m Keynes and its contribution to economics​

Answer 1

Answer:

British economist John Maynard Keynes is the founder of Keynesian economics. Among other beliefs, Keynes held that governments should increase spending and lower taxes when faced with a recession, in order to create jobs and boost consumer buying power.His most important work, The General Theory of Employment, Interest and Money (1935–36), advocated a remedy for economic recession based on a government-sponsored policy of full employment

Only $2.99/month. Keynesian economics. An economic theory of total spending in the economy and its effects on output and inflation.