answersLogoWhite

0

Yes. Government spending that is intended to stimulate growth in an economy and simultaneously lessen the suffering of individuals in times of economic crisis is known as "Keynesian" economic policy. Such policies are fiscal (as opposed to monetary) policies, and are also known as "expansionary" policies. The underlying tenet is that government spending can improve the economy by causing an increase in demand (a shift to the right on an economic supply and demand model).

User Avatar

Wiki User

13y ago

What else can I help you with?