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Who was the economist who believed that massive government spending programs could revive a failing economy?
Wiki User
∙ 12y ago
There are many economists who have argued this, but the most major one is arguably John Maynard Keynes.
Wiki User
∙ 12y ago
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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).
Who was the British economist who believed that govement that deficit spending in a recession could help the economy recover?
Keynesian theory
The way the government uses taxes and spending to stabilize the economy is called what?
Fiscal policy is the way the government uses taxes and spending to stabilize the economy. It is based on the theories of British economist John Maynard Keynes, also known as Keynesian economics.
The way the government uses taxes and spending to stabilize the economy is called .?
Fiscal policy is the way the government uses taxes and spending to stabilize the economy. It is based on the theories of British economist John Maynard Keynes, also known as Keynesian Economics.
How does discretionary spending differ form mandatory spending?
mandatory spending refers to money that lawmakers are required by existing laws to spend on certain programs and discretionary spending is spending about which government planners can make choices
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).
Who is responsible for creating the national debt?
The National Debt is the responsibility of the government. This debt comes from government spending. This spending is acquired from government programs and foreign aid.
He quit his government job over the Treaty of Versailles and later concluded that government spending can cure recessions Who was this celebrity economist?
Your Answer: John Maynard Keynes Correct
Which has been a trend since the 20th century A progressive increases in earnings for the middle class B growing levels of government spending C less government spending on entitlement programs?
growing levels of government spending
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.
To half the growth of government spending Nixon tried to what?
cut social programs.
Who was the British economist who believed that govement that deficit spending in a recession could help the economy recover?
Keynesian theory
The way the government uses taxes and spending to stabilize the economy is called what?
Fiscal policy is the way the government uses taxes and spending to stabilize the economy. It is based on the theories of British economist John Maynard Keynes, also known as Keynesian economics.
The way the government uses taxes and spending to stabilize the economy is called .?
Fiscal policy is the way the government uses taxes and spending to stabilize the economy. It is based on the theories of British economist John Maynard Keynes, also known as Keynesian Economics.
Who was the economist that proposed deficit spending?
John Maynard Keynes.
How does discretionary spending differ form mandatory spending?
mandatory spending refers to money that lawmakers are required by existing laws to spend on certain programs and discretionary spending is spending about which government planners can make choices
What President tried to limit government spending by cutting social programs like education?
Nixon
