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What view of economics advocates massive public spending during a depression or recession?
Wiki User
∙ 11y ago
I believe that would be Keynesianism. John Maynard believed the government should "prime the economic pump" by creating multiple jobs and public work projects for citizens during times of recession, even if it meant running up the national debt.
Wiki User
∙ 11y ago
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Which of these statements is fundamental part of keynesian economics?
The government can use deficit spending to increase aggregate demand and pull the economy out of recession.
What statements is a fundamental part of Keynesian economics?
The government can use deficit spending to increase aggregate demand and pull the economy out of recession.
Why would a government choose to spend more money than it collects in taxes during a recession or a depression?
Spending increases demand and can encourage economic growth.
Why did the US economy collapse in 1920?
The United States economy was in recession due to the spending of World War I during the 1920s. This caused the Depression where there was a decline in real products.
When there is a recession the biggest decline is in?
consumer spending
Which of these statements is fundamental part of keynesian economics?
The government can use deficit spending to increase aggregate demand and pull the economy out of recession.
What statements is a fundamental part of Keynesian economics?
The government can use deficit spending to increase aggregate demand and pull the economy out of recession.
What is a good analogy for the Great Depression?
The recession of 2008 and the Great Depression of the 1930s have similar beginnings. Financial meltdowns caused a reduction in consumer spending which lead to unemployment in great numbers.
Why would a government choose to spend more money than it collects in taxes during a recession or a depression?
Spending increases demand and can encourage economic growth.
Why did the US economy collapse in 1920?
The United States economy was in recession due to the spending of World War I during the 1920s. This caused the Depression where there was a decline in real products.
When there is a recession the biggest decline is in?
consumer spending
In 1957 President Eisenhower's attempt to balance the budget resulted in what?
The answer to this question is one of these choices, for sure. I think that the answer is D. An Increase In Government Spending. A. A Depression B. A Recession C. A Decrease In Unemployment D. An Increase In Government Spending
What caused the Roosevelt recession?
There are several things that are believed to have caused the Roosevelt recession. Some of them include pacing stringent monetary and fiscal policies by his administration which caused the stall in the economic recovery.
The recession of 1937 was caused in part by?
Reduced Consumer Spending
What disaster was reversed by government spending on public works?
Roosevelt Recession
When Great Economic Depression started?
There was no 2nd Great Depression. Many thought the Great Recession would be a great depression but that was not the case. In reality, the economy was not even close to another great depression. The great depression included such things as wage fixing and pricing fixing by the government, excess public debt from WW1, Smoot-Hawley act, etc. The Great Recession was just a financial breakdown, which is bad, but not a GD.
What is the principal argument for deficit spending?
Principal argument for deficit spending is the central point of controversy in economics.
