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Keynesian theory has been criticized for its reliance on government intervention, which can lead to inefficiencies and misallocation of resources. Additionally, it may underemphasize the role of long-term supply-side factors in economic growth, focusing instead on short-term demand management. Critics also argue that Keynesian policies can contribute to inflation if stimulus measures are not carefully managed. Finally, the theory may oversimplify complex economic dynamics and the behavior of consumers and businesses.
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What is the limitation of keynesian investment multiplier?
limitation of keynesian theory??
What does the Keynesian economic theory suggest?
That the government oversee and regulate the balance of the economy.
What is the difference between Keynesian and classical economic theories?
Keynesian economic theory focuses on government intervention to manage economic fluctuations, while classical economic theory emphasizes a hands-off approach with minimal government involvement in the economy.
Advantage and disadvantage of keynesian theory?
Disadvantages: -crowding-out effect -time-lag -deficit spending
What economic theories supports an increase in government spending in order to benefit private industries?
Keynesian theory
What is the limitation of keynesian investment multiplier?
limitation of keynesian theory??
What is the key to maintaining full employment in Keynesian theory?
give them blowjobs
What does the Keynesian economic theory suggest?
That the government oversee and regulate the balance of the economy.
What is the difference between Keynesian and classical economic theories?
Keynesian economic theory focuses on government intervention to manage economic fluctuations, while classical economic theory emphasizes a hands-off approach with minimal government involvement in the economy.
Advantage and disadvantage of keynesian theory?
Disadvantages: -crowding-out effect -time-lag -deficit spending
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 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 Shozaburo Fujino written?
Shozaburo Fujino has written: 'A Neo-Keynesian theory of inflation and economic growth'
The theory that government spending should increase during business slumps and curbed during booms is referred to as?
Keynesian Economics
What has the author G R Steele written?
G. R. Steele has written: 'Keynes and Hayek' 'Monetarism and the demise of Keynesian economics' -- subject(s): Chicago school of economics, Classical school of economics, Keynesian economics, Quantity theory of money
Were the flaws in Democritus's theory?
A lot of stuff... bad bad stuff
