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What is the Keynesian approach to preventing and solving economic problems in a developed country?
Wiki User
∙ 12y ago
Keynesian economics operates on one principal. Should a country run into economic problems, print money. When additional economic problems arise, rinse and repeat, until the printing of money leads to a debt crisis. Upon which, print even more money, causing the country's currency to collapse. When the citizens revolt, blame capitalism, even if it does not exist in said country.
The above anwer is really pointing out whats called 'quantitive Easing'. Printing more money de values a currency.It can work but its a dodgy line to be following.It can lead to hyper inflation & total collapse of a Countries economy.Normally the greedy bankers cause the big problem along with peoples masterialism & getting into debt.
Wiki User
∙ 12y ago
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Are countries today following Keynesian's economic policies today?
What does the Keynesian economic theory suggest?
That the government oversee and regulate the balance of the economy.
What economic school of thought would explain how massive government expenditures during World War 2 sharply moved the country out of the Great Depression?
Keynesian economics.
What are the criticisms of economic quantity approach?
what are the economic criticisms of quantity order approach
What economic theories supports an increase in government spending in order to benefit private industries?
Keynesian theory
In what ways countries today follow Keynesian economics polocies?
Are countries today following Keynesian's economic policies today?
What is Art Buchwald's article Squaring the Economic Circle a description of?
The Keynesian multiplier.
What does the Keynesian economic theory suggest?
That the government oversee and regulate the balance of the economy.
How did economic events during world war ii demonstrate the principles of keynesian economics?
Economic events during World War II demonstrated the principles of Keynesian economics in the sense that spending had gone done dramatically and the economy was stalled.
What are the two main economic problems that keynesian economics seeks to address?
periods of depression and inflation.
What economic school of thought would explain how massive government expenditures during World War 2 sharply moved the country out of the Great Depression?
Keynesian economics.
What does Keynesian revolution mean?
Keynesian is an economics term that refers to advocated government monetary and fiscal programs intended to stimulate business activity and increase employment.
What are the criticisms of economic quantity approach?
what are the economic criticisms of quantity order approach
What economic theories supports an increase in government spending in order to benefit private industries?
Keynesian theory
What are the relevance of keynesian's economic theory?
unemployment in developing countries results from fall in aggregated and foreign demand
What has the author Kenneth K Kurihara written?
Kenneth K Kurihara has written: 'The Keynesian theory of economic development' -- subject(s): Economic development
Differentiate between New Classical and New Keynesian economics school of thoughts?
the classical believe the economy is best left to itself whereas the keynesian argued that government intervention could improve economic performance
