Keynesian economics lays more emphasis on
Answers
keynes advocated for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of the depression. keynesian economics is considered a "demand side" theory that focuses on changes in the economy over the short run.
Answer:
It lays more emphasis on government policies.
Explanation:
This question has to state which factor Keynesian economics lays more emphasis on. According to Keynesian economics government policies is the most important factor to deal with the situation of recession. Keynesian economics was developed in the 1930s during the great depression. the main aim of this is to understand the great depression. This is based on the changes in the economy in a short period. According to him, the economy is stabilizing only when the central government of a country makes policies regarding the depression and recession. If the government does not make policies then the economy of a country never become stable.
Hence, it lays more emphasis on government policies.
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