high inflation during the 1970s
High inflation during the 1970s. This is the correct Gradpoint/Novanet answer. ~Chris
High inflation during the 1970s. This is the correct Gradpoint/Novanet answer. ~Chris
... deficit spending as recommended by Keynesian Economics.
The New Deal tried public works, farm subsidies, and other devices to reduce unemployment, but Roosevelt never completely gave up trying to balance the budget. Unemployment remained high throughout the New Deal years though greatly reduced from the much higher rates before the New Deal; business simply would not hire more people, especially the low skilled and supposedly "untrainable" men who had been unemployed for years and lost any job skill they once had. Keynesians later argued that by spending vastly more money - using fiscal policy - the government could provide the needed stimulus through the multiplier effect. Critics of Keynesian economic theories said that government spending would "crowd out" private investment and spending and thus not have any effect on the economy, a proposition known as the Treasury view, which Keynesian economics reject.
No, economics is the study of how people deal with the condition of scarcity with limited allocations of resources.
High inflation during the 1970s. This is the correct Gradpoint/Novanet answer. ~Chris
High inflation during the 1970s. This is the correct Gradpoint/Novanet answer. ~Chris
... deficit spending as recommended by Keynesian Economics.
Tell me about a time you were able to successfully deal with another person even when that individual may not have personally liked you?
To deal with something successfully!
Roosevelt's basic philosophy of Keynesian economics manifested in what became known as the three "R's" of relief, recovery and reform. The programs created to meet these goals generated jobs and more importantly, hope.
The New Deal failed to generate sustained prosperity and jobs.
The New Deal tried public works, farm subsidies, and other devices to reduce unemployment, but Roosevelt never completely gave up trying to balance the budget. Unemployment remained high throughout the New Deal years though greatly reduced from the much higher rates before the New Deal; business simply would not hire more people, especially the low skilled and supposedly "untrainable" men who had been unemployed for years and lost any job skill they once had. Keynesians later argued that by spending vastly more money - using fiscal policy - the government could provide the needed stimulus through the multiplier effect. Critics of Keynesian economic theories said that government spending would "crowd out" private investment and spending and thus not have any effect on the economy, a proposition known as the Treasury view, which Keynesian economics reject.
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hey both deal with science
it means nice No it means to deal with something successfully
No, economics is the study of how people deal with the condition of scarcity with limited allocations of resources.