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Which british economist who believed that government deficit spending in a recession could help the economy recover?
John Maynard Keynes (5-Jun-1883 to 21-Apr-1946).
When there is a recession the biggest decline is in?
consumer spending
Who was the economist who believed that massive government spending programs could revive a failing economy?
There are many economists who have argued this, but the most major one is arguably John Maynard Keynes.
What would an economist who favors smaller government recommended during a recession and inflation?
An economist who favors smaller government during a recession and inflation would likely recommend reducing government spending and lowering taxes to stimulate private sector investment and consumption. They might argue that cutting spending would help reduce inflationary pressures in the long term, while tax reductions could provide immediate relief to individuals and businesses. Additionally, they may advocate for deregulation to encourage economic growth and efficiency. Overall, the focus would be on market-driven solutions rather than increased government intervention.
Who was an economist who thought the country would recover faster with deficit spending?
John Maynard Keynes.
Which british economist who believed that government deficit spending in a recession could help the economy recover?
John Maynard Keynes (5-Jun-1883 to 21-Apr-1946).
Do Keynesian economist believe that the economy is self regulating?
No, they regulate the economy by doing 2 things: 1)increasing government spending and decrease taxes to fight recession 2) decrease government spending and increase taxes to fight inflation.
When there is a recession the biggest decline is in?
consumer spending
Who was the economist who believed that massive government spending programs could revive a failing economy?
There are many economists who have argued this, but the most major one is arguably John Maynard Keynes.
Who was the economist that proposed deficit spending?
John Maynard Keynes.
The recession of 1937 was caused in part by?
Reduced Consumer 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.
What disaster was reversed by government spending on public works?
Roosevelt Recession
What would an economist who favors smaller government recommended during a recession and inflation?
An economist who favors smaller government during a recession and inflation would likely recommend reducing government spending and lowering taxes to stimulate private sector investment and consumption. They might argue that cutting spending would help reduce inflationary pressures in the long term, while tax reductions could provide immediate relief to individuals and businesses. Additionally, they may advocate for deregulation to encourage economic growth and efficiency. Overall, the focus would be on market-driven solutions rather than increased government intervention.
Who was an economist who thought the country would recover faster with deficit spending?
John Maynard Keynes.
What figure was a famous economist that influenced Roosevelt's ideas on public spending?
John Maynard Keynes.
If there were a recent downturn in the economy and some Economist predicted a recession in the near future then there is a strong possibility that there will be what?
If there is a recent downturn in the economy and economists predict a recession, there is a strong possibility that unemployment rates will rise, consumer spending will decrease, and business investment may slow down. Additionally, financial markets may experience increased volatility as investors react to the uncertainty. Governments and central banks might also implement measures, such as lowering interest rates or increasing fiscal spending, to mitigate the downturn's impact.
