Question

Explain Keynes view on political economy ​

Answer 1

Answer:

Keynesian economics is a theory that says the government should increase demand to boost growth. ... Keynes advocated deficit spending during the contractionary phase of the business cycle. But in recent years, politicians have used it even during the expansionary phase.

Answer 2

Answer:

Keynesian economics is a theory that says the government should increase demand to boost growth. ... Keynes advocated deficit spending during the contractionary phase of the business cycle. But in recent years, politicians have used it even during the expansionary phase.