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Q: Who did keyne argue should be the nig spending to improve the economy?
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What actions would a modern Keynesian economist advocate to cure a recessionary gap?

a Keynesian would argue that the essence to solve recession lies with demand management. When an economy is experiencing a boom (inflationary gap), government should tax people, reduce spending ...etc... to soak up the demand. When an economy is experiencing a bust (recessionary gap), government should decrease tax and increase government spending (using money they gained during the boom) to increase the demand of an economy.


What does socialism argue should be the government's role in the economy?

Socialism argues that the government should coordinating the economy, subsidizing corporations in the economy, and actively participating in the game of opening, closing, and running businesses.


Does the keynesian framework argue that the government should play a key role in offsetting fluctuating spending by the business sector?

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What yearly inflation rate do monetarists argue ensures an adequate money supply for a healthy economy?

An inflation rate of from 1-3% should ensure an adequate money supply for a healthy economy.


How does supply-side ecnomists argue that cutting taxes will benefit the economy?

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Was the dramatic increase in military spending justified?

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How does 8 percent persent reduction in revenue affects the economy?

It depends how the percentage reduction is made and to whom! Generally a reduction in government revenue if reflected in spending is likely to have a depressive effect on the economy as the flow of money in the economy slows down. However, although its not necessarily a popular idea amongst conventional economists, libertarians and some austria-school economists would argue that a reduction in government revunue means a reduction in tax, and a reduction in tax means more corporate revenue, which would , they argue, be stimulatory itself. I'm not sure there is evidence for this however as it seems to contradict a number of observed phenomena, including the tendency for austerity measures to actually depress economic recovery.


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No just give them what they want